More layoffs announced by US steelmakers

Dec 05, 2008 | 12:49 PM | Maria Guzzo

U.S. steel producers of both flat-rolled and long products—including the U.S. unit of the world's biggest steelmaker, ArcelorMittal SA—have announced more layoffs as a result of the souring economy.

In flat-rolled, ArcelorMittal is joined by USS-Posco Industries, while on the long products front Gerdau Ameristeel Corp. and Steel of West Virginia Inc. will be making additional job cuts.

ArcelorMittal USA Inc. confirmed that it is temporarily laying off 450 employees at its Cleveland facility, effective immediately. "We anticipate the layoffs to last less than six months," a company spokesman said in a statement.

Sources said the work force reduction is in addition to the 400 workers laid off at its Cleveland steel plant in November (AMM, Nov. 25). The Chicago-based company has idled two blast furnaces at its Cleveland Works and sources have told AMM that four of its nine U.S. blast furnaces are now idle (AMM, Nov. 6).....

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