US Steel to idle 3 blast furnaces as market conditions cool

//US Steel to idle 3 blast furnaces as market conditions cool

US Steel to idle 3 blast furnaces as market conditions cool

United States Steel Corp. will temporarily idle three blast furnaces, including two in the Midwest, and cut production of flat-rolled steel as market conditions soften. U.S. Steel (NYSE: X) said late Tuesday it would keep idled the Great Lakes B2 blast furnace, which began a planned outage last week, after the work is completed. Another blast furnace, this at the Gary Works facility, will be idled temporarily. Both could be idled for the rest of the year, which will cut production starting in July…

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By | 2019-06-18T23:13:49+00:00 June 18th, 2019|Budget and Tax|

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