U. S. Steel To Consolidate Flat-Rolled Operations
PITTSBURGH, March 25, 2015 /PRNewswire/ -- United States Steel Corporation (NYSE: X) announced today it will consolidate its North American Flat-Rolled operations and temporarily idle its Granite City Works operations in Granite City, Ill. As the primary flat-roll supplier of Lone Star Tubular Operations, the consolidation is part of an on-going adjustment of steelmaking operations throughout North America to match customer demands.
The company routinely adjusts production at its operating facilities to reflect market fluctuations. The consolidation is a result of challenging market conditions that reflect the cyclical nature of the industry. Global influences in the market like reduced steel prices, unfair trade, imports and fluctuating oil prices, continue to have an impact on the business. The company will be working closely with its customers through this consolidation. The company will continue to operate its steelmaking operations in Alabama, Indiana, Michigan and Pennsylvania.
As part of the consolidation, 2,080 employees at Granite City Works are being issued notices under the Worker Adjustment and Retraining Notification (WARN) Act. These notices are separate from the notices related to the permanent shutdown of Granite City Works' coke making facility.
United States Steel Corporation, headquartered in Pittsburgh, Pa., is a leading integrated steel producer and Fortune 200 company with major production operations in the United States and Central Europe and an annual raw steelmaking capability of 24.4 million net tons. For more information about U. S. Steel, please visit www.ussteel.com.
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SOURCE United States Steel Corporation
For further information: Courtney Boone, 412.433.6791, Sarah Cassella, 412.433.6777