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.
The Chicago-based 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 (WARN) Act.
"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.
The company 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.