PITTSBURGH, Nov. 23, 2015 /PRNewswire/ -- United States Steel
Corporation (NYSE: X) announced today it will temporarily idle its
Granite City Works steelmaking and finishing operations in Granite
City, Ill. As the primary flat-roll supplier of the oil and
gas industry, the idling is part of an on-going adjustment of
steelmaking operations throughout North
America to match customer demand.
The company routinely adjusts production at its operating
facilities to reflect market fluctuations. This is a result
of continued challenging global market conditions including
fluctuating oil prices, reduced rig counts and associated inventory
overhang, depressed steel prices and unfairly traded imports, which
continue to have a significant impact on the business. The
company will be working closely with its customers through this
transition. The company will continue to operate its
steelmaking operations in Indiana,
Michigan and Pennsylvania as well some finishing operations
in Alabama.
Granite City Works employees were issued notices under the
Worker Adjustment and Retraining Notification (WARN) Act on
Oct. 8.
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SOURCE United States Steel Corporation