U.S. Steel has released plans to idle a blast furnace at Gary Works. Our partners at The Times of Northwest Indiana report an internal memo at the plant indicated that there would be “no immediate impact on employment levels at the mill.”
The mill has reportedly planned to idle the furnace temporarily as a response to reduced production capacity amid falling steel prices, orders and revenue. However, the Pittsburgh-based steelmaker told the publication it has no timeline for bringing the furnace back online.
The company says it is "mindful of the impact these announcements have on employees and their families."
"If both furnaces remain idled for the remainder of the year, we expect full year flat-rolled shipments to third-party customers to be approximately 11 million tons," the company said in a news release announcing the idling. "We will resume blast furnace production at one or both idled blast furnaces when market conditions improve."
Read the full story from The Times of Northwest Indiana by clicking here.