Connect With Us

Inside INdiana Business
Subscribe Now Log In
  • Home
  • News
    • Education
    • Health
    • Tech
    • STEM
    • Advanced Manufacturing & Logistics
    • Life Sciences
    • Ag INnovation
    • INPower
  • Videos
  • Big Wigs
    • Submit Big Wigs
  • Events
    • Engage Central Indiana – Indianapolis
    • Engage Northeast Indiana – Fort Wayne
    • Engage West Central Indiana – Terre Haute
    • Engage Greater Lafayette – West Lafayette
    • Engage Northwest Indiana – Valparaiso
    • Engage South Bend – Elkhart
    • Engage Southwest Indiana – Evansville
  • Newsletters
  • Podcasts
  • On-Air
    • TV & Radio Listings
  • Contact
    • About IIB
    • Meet the Team
    • Contact Us
    • Advertise
    • Gift Cards
    • Flagship Stations
    • Gerry’s Message
    • Speaking Engagement Request

Connect With Us

ArcelorMittal Closes Line at Indiana Harbor

Wednesday, February 24, 2016 10:01 AM EDT
By Alex Brown
ArcelorMittal Closes Line at Indiana Harbor The Indiana Harbor operations in East Chicago cover 3

A large steelmaker has closed part of its operations in northwest Indiana. Our partners at The Times of Northwest Indiana report ArcelorMittal has shut down its aluminizing line at ArcelorMittal Indiana Harbor West.

About 60 to 80 employees worked in the aluminizing line. However, the publication reports no jobs have been lost because ArcelorMittal restarted a galvanizing line just yards away, which had been idled in late 2014.

"ArcelorMittal is considering all options to optimize our assets in the United States and beyond, including those within Indiana Harbor, in support of the Action 2020 program that was launched at our Q4 and full-year 2015 earnings announcement," spokeswoman Mary Beth Holdford told The Times. "Action 2020 is a strategic roadmap that aims to achieve targeted financial improvements for the company by 2020. In the United States, efforts to support Action 2020 include asset and cost optimization as well as an improved portfolio of high added value products. These products will ensure ArcelorMittal is uniquely positioned with a strong technical and product portfolio to serve customer requirements."

The company has been planning to idle the line in order to shift production to its new plant in Alabama, according to the publication. The line was originally scheduled to be idled in December and is now stripped with all coil being removed.

ArcelorMittal lost nearly $8 billion in 2015. The Times reports the company is looking at idling additional finishing lines at the harbor as well. Holford said the company expects to "optimize our assets in the United States without layoffs by leveraging natural attrition."

Story Continues Below

Most Popular Stories

Perspectives

Stop disease comeback stories with vaccinations

Stop disease comeback stories with vaccinations

While Americans typically love a good comeback story, there’s one taking place today that poses a growing – and preventable – threat to our communities and children: Childhood diseases are making a comeback as a result of a continued decline in childhood vaccination rates. ...

Inside INdiana Business

Inside INdiana Business
A division of IBJ Media

1 Monument Circle, Suite 300
Indianapolis, IN 46204

PHONE: (317) 634-6200

FAX: (317) 263-5060

NEWSLETTER@IIBNEWS.COM

  • Home
  • News
  • Videos
  • Gerry Dick
  • Newsletters
  • On-Air
  • Contact

Copyright © 2023 All Rights Reserved Privacy Policy | Terms of Service