U.S. Steel Plans To Close Plants Affecting 545 Workers

U.S. Steel Corp. said on Wednesday it plans to close two coke-making units and a tin mill that makes sheet for cans at plants in Illinois and Indiana, actions that would affect 545 workers.

The closings are the latest to be announced by the Downtown-based steelmaker as it “moves through its Carnegie Way assessment of all our operations,” said spokeswoman Courtney Boone.

Two weeks ago, U.S. Steel said it will shut down two more oil and natural gas pipe plants and lay off 756 workers. In August, it closed pipe plants in McKeesport and Bellville, Texas, affecting 260 workers.

CEO Mario Longhi has moved to restore confidence and improve performance. He has closed mills and saved almost $1 billion under its Carnegie Way initiative to cut costs and by halting an iron ore expansion project in Keewatin, Minn. The company also has relinquished control of its money-losing Canadian unit.

Read more: http://triblive.com/business/headlines/7610821-74/steel-plant-oil#ixzz3PUwjOrRD
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