This Morning in Metals: U.S.’s Steel Shipments Fall in April
This morning in metals news, U.S. steel shipments in April were down from the previous month but are up for the year to date, U.S. Steel announces it plans to add more than 800 jobs this year and Tata Steel workers in Europe are questioning the company’s planned joint venture with German steelmaker Thyssenkrupp.
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Steel Shipments Fall in April
According to an American Iron and Steel Institute (AISI) report, in April U.S. steel mills shipped 7,798,326 net tons, which marked a 6.0% decrease from the previous month, March 2018, but a 5.0% increase from April 2017.
Through the first four months of the year, shipments are up 4.0% compared with the first four months of 2017, according to the report.
Going to Work
U.S. Steel has announced this year that it plans to restart the A and B blast furnaces at its facility in Granite City, Illinois.
Of course, restarted capacity means workers will be needed to operate the plant. The steelmaker announced it plans to add more than 800 jobs this year at the Illinois plant.
Workers Question Tata-Thyssenkrupp JV
Last September, Tata Steel and Thyssenkrupp announced plans to form a joint venture of their European operations, but Tata Steel workers in Europe are questioning the marriage, according to a Reuters report.
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According to the report, Tata Steel’s European Works Council said details still need to be sorted out before it will grant its stamp of approval on the planned joint venture.
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