ArcelorMittal to shut NY, Ill. steel finishing plants
Dec 09, 2008 | 10:33 AM
| Scott Robertson
ArcelorMittal USA Inc., Chicago, will close steel finishing operations in Lackawanna, N.Y., and Hennepin, Ill., laying off almost 600 workers in the process. It cited continuing problems associated with the failing global economy.
Both plants are marked for permanent closure, although union officials said negotiations must take place with the United Steelworkers union before they can be permanently shut.
ArcelorMittal SA, Luxembourg, is reducing steel production by about 40 percent in North America and about 35 percent globally in response to weak demand for steel brought on in part by the global financial crisis, according to a company statement. In November, those figures had been pegged at 35 percent and 30 percent, respectively (AMM, Nov. 6).....
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