PITTSBURGH, March 31, 2015 /PRNewswire/ -- United States
Steel Corporation (NYSE: X) announced today it will adjust
operations and temporarily idle a portion of its Minnesota Ore
Operations – Minntac plant in Mt. Iron,
Minn., effective June 1. This action is due to the
company's current inventory levels and ongoing adjustment of its
steelmaking operations throughout North America. The company
will continue to operate Minntac at reduced capacity in order to
meet 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, all employees at Minntac 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.
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