commentFollowing a 45% decline in the global steel market, one of the world’s largest steel producers is putting the brakes on production. Luxembourg-based Arcelor Mittal, which is a major producer of reinforcing bar, among other construction materials, has virtually shuttered its Cleveland plant. Arcelor Mittal says it does not know when steel-making operations would resume. In related news, U.S. Steel announce on May 19 it is closing most of its steelmaking operations at its plant near Birmingham, Ala., which will affect 1,300 of 1,700 workers.
----- Advertising -----
Sign in to Comment
To write a comment about this story, please sign in. If this is your first time commenting on this site, you will be required to fill out a brief registration form. Your public username will be the beginning of the email address that you enter into the form (everything before the @ symbol). Other than that, none of the information that you enter will be publically displayed.