Monday the United States Steel Corporation announced the proposed intent to permanently shut down its blast furnace and associated steel making operations.
U.S. Steel isn’t the only steel company looking to scale back production.
The move will affect 1,100 employees, according to U.S. Steel (NYSE: X) spokeswoman Sarah Cassella.
But the blast furnace and other operations at Fairfield Works will close around November. 17.
The company temporarily restarted the blast furnace in June.In an earnings call last month, President and CEO Mario Longhi said it would idle it again in August.
In total, the blast furnace, the hot strip mill, the cold mill, the pickle line, steelmaking operations, the annealing facility and the stretch and temper line will all close.
In late July, U.S. Steel said it expected market conditions to improve in the second half of the year as supply chain inventories rebalance, primarily in flat-rolled markets.
The company will continue to operate the slab and rounds casters, #5 coating line and Double G hot-dip galvanizing joint venture in Jackson, Miss.
U.S. Steel has announced a proposal to permanently close some operations at its Fairfield location.
Shutting down the facilities would not impact the Fairfield Tubular Operations or the electric arc furnace construction project, officials said.
