Aug. 17, 2016

ArcelorMittal to Idle Hot-Strip Mill at Indiana Harbor

ArcelorMittal will idle the 84-inch hot-strip mill, plus other finishing assets, at its Indiana Harbor facility in East Chicago. The idling follows the labor agreement ratified by the United Steelworkers.

“In the labor agreement ratified, we are now progressing with our footprint optimization project at Indiana Harbor. In simple terms, this is about idling less competitive finishing assets while making important investments in more efficient assets to improve the configuration of the Indiana Harbor plant,” said ArcelorMittal Chairman and CEO Lakshmi Mittal during the company’s second-quarter conference call.

ArcelorMittal executives estimate the changes will save up to $200 million for the Brussels-based company, the world’s largest steelmaker. The USW agreed to the idlings in its protracted contract negotiations with the company completed earlier this year.


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Monday, October 23, 2017