10,618.97 TRY BIST 100 BIST 100
46.85 EUR EUR EUR
40.57 USD USD USD
5.68 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
40.51 TRY Interest Interest
73.00 USD Fossil Oil Fossil Oil
48.55 USD Silver Silver
4.42 USD Copper Copper
102.04 USD Iron Ore Iron Ore
327.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,300.51 TRY Gold (gr) Gold (gr)

U.S. Steel has announced the indefinite closure of its Granite City steelmaking operations

U.S. Steel has announced the indefinite closure of its Granite City steelmaking operations, resulting in job losses for around 265 workers.

U.S. Steel has announced the indefinite closure of its Granite City steelmaking operations

U.S. Steel, the second-largest US steel producer, has announced its indefinite closure of its Granite City steelmaking operations, leading to job losses. Around 265 workers were laid off during the temporary closure, with another 600 expected to lose their jobs in January next year.

The company plans to use its active steel production facilities to meet customer demand and balance melt capacity with its order book. Idle operations will be taken up by other plants, and rolling and finishing will continue at Granite City using slabs sourced from other plants.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Tata Steel announces first quarter financial results

Thursday, July 31, 2025

The role of iron and steel in the defense industry

Thursday, July 31, 2025

Meeting held between Algeria and the Arab Iron and Steel Union

Thursday, July 31, 2025

Türkiye's scrap imports decreased by 9.4% in June

Thursday, July 31, 2025

Türkiye's iron and steel export value increased by 15.13% in June

Thursday, July 31, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now