NEW YORK Evraz
Inc. North America will suspend operations at its Claymont,
Del., steel plate mill due to "subdued market demand and the
high volume of imports," the company said Oct. 14.
company expects the suspension to take effect by the end of
December, an Evraz spokeswoman told AMM. The
mills 375 employees will complete processing and shipping
of existing products and prepare the mill for idling over the
next two months.
Evraz will "consider
restarting the operations as soon as market conditions
improve," with current customers of the Claymont mill to be
served by other Evraz facilities in Portland, Ore., and Regina,
Saskatchewan, it said.
All of the mills
employees, with the exception of a small crew that will remain
employed at the site for maintenance purposes, have been issued
notice under the Worker Adjustment and Retraining Notification
"We appreciate our
employees efforts to operate Evraz Claymont as
efficiently as possible. Unfortunately, market conditions
continue to be challenging and low market visibility makes it
difficult to foresee when positive changes will occur," John
Zanieski, Evraz North Americas executive vice president
of flat products and recycling, said in a statement.
doesnt expect any adverse financial effects on its North
American operations as a result of the closure, it said.
The Claymont plant
manufactures steel and custom plate products, with production
volumes totaling 383,590 tons in 2012 and 189,025 tons in the
first half of 2013.
Evraz North America is
a subsidiary of London-based Evraz Plc.