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Mittal Steel USA idling two furnaces in response to reduction in demand

Mittal Steel USA idling two furnaces in response to reduction in demand

Mittal Steel USA said Thursday it is idling two blast furnaces indefinitely to bring production capabilities in line with reduced demand for light flat-rolled products.
The company, a unit of Mittal Steel Co. NV, which is in the process of merging with Arcelor SA, is idling one blast furnace each in Cleveland and its Indiana Harbor facility in East Chicago, Indiana.
No employees will be laid off. Mittal Steel USA said the furnaces will undergo maintenance and be reactivated when market conditions warrant increased production levels.
"We are confident that we can maintain and service our customers' requirements working under this production configuration and are committed to maintaining our customers' business," said Michael Rippey, president and chief executive officer.
The furnaces will be reactivated when market conditions warrant increased production levels, Mittal said.


Updated : 2021-01-17 05:23 GMT+08:00