PITTSBURGH, March 12, 2015 /PRNewswire/ -- United States
Steel Corporation (NYSE: X) announced today it will temporarily
idle its Minnesota Ore Operations – Keetac plant in Keewatin, Minn., effective May 13. The temporary idling is due to the
company's current inventory levels and ongoing adjustment of its
steelmaking operations throughout North
America to match customer demand.
The company routinely adjusts production at its operating
facilities to reflect market fluctuations. These ongoing
operational adjustments are a result of challenging market
conditions that reflect the cyclical nature of the industry.
Global influences in the market, including a high level of imports,
unfairly traded products and reduced steel prices, continue to have
an impact. As part of the temporary idling, 412 employees at
Keetac have been advised of the upcoming temporary idling and are
being issued notices under the Worker Adjustment and Retraining
Notification (WARN) Act. The number of employees impacted
will be based upon operational and, or maintenance needs.
The company will continue to produce iron ore pellets at its
Minntac plant in Mt. Iron,
Minn.
United States Steel Corporation, headquartered in Pittsburgh, Pa., is a leading integrated steel
producer and Fortune 200 company with major production operations
in the United States and
Central Europe and an annual raw
steelmaking capability of 24.4 million net tons. For more
information about U. S. Steel, please visit www.ussteel.com.
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SOURCE United States Steel Corporation