U.S. Steel idling two tubular facilities
Jun 02, 2014 | 11:33 AM
| Thorsten Schier
NEW YORK U.S. Steel Corp. is "indefinitely" idling its tubular manufacturing facilities in McKeesport, Pa., and Bellville, Texas, in early August, the company said June 2.
The move comes "as a result of business conditions which are influenced by unfairly traded tubular products imported into the United States," it noted.
"The indefinite idling of these loss-making operations will reduce the number of U.S. Steels tubular facilities from 10 to eight, but will enable the company to operate more profitably as it repositions to meet future customer demand," the Pittsburgh-based steelmaker said, adding that the move will affect about 45 professional and management employees and 215 unionized workers.....
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