13,217.60 TRY BIST 100 BIST 100
50.84 EUR EUR EUR
44.20 USD USD USD
6.45 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
40.08 TRY Interest Interest
100.99 USD Fossil Oil Fossil Oil
5.71 USD Copper Copper
113.30 USD Silver Silver
109.20 USD Iron Ore Iron Ore
369.00 USD Shipbreaking Scrap Shipbreaking Scrap
7,154.97 TRY Gold (gr) Gold (gr)
110.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

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

Far East steel market under supply-demand, cost, and geopolitical pressures

Wednesday, March 18, 2026

Italy’s crude steel production increased by 2.6% in february

Wednesday, March 18, 2026

Crisis in Strait of Hormuz paralyzes Iranian ports: Over 1 million tons of iron and steel stranded

Wednesday, March 18, 2026

HBIS Tangsteel starts up fourth continuous caster from Primetals Technologies

Wednesday, March 18, 2026

Tata Steel UK’s support for circular economy initiative

Wednesday, March 18, 2026
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