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BumRushDaShow

(156,174 posts)
Sat May 3, 2025, 06:18 AM May 3

Steelmaker Cleveland Cliffs to idle 3 steel plants in Pennsylvania and Illinois [View all]

Source: ABC News/AP

May 2, 2025, 6:37 PM


HARRISBURG, Pa. -- Steelmaker Cleveland-Cliffs will indefinitely idle three steel plants this summer, saying Friday that it is being buffeted by sluggish demand and pricing for some products, including high carbon steel sheets.

The company said the idling of two Pennsylvania plants, one in Steelton and one in Conshohocken, and one in Riverdale, Illinois, is due to “insufficient demand and pricing” and nothing to do with President Donald Trump's tariffs.

“These temporary, indefinite idles are a necessary response to insufficient demand and pricing for the products the affected facilities produce, including rail, specialty plate, and high-carbon sheet; all of which fall outside of Cliffs’ core business focus,” the company said.

The idlings will be indefinite, and start around June 30, at the end of a 60-day notice period required by federal law. About 950 workers will be out of work during the shutdowns, Cleveland Cliffs said.It said its flat-rolled steel production levels will not be affected.

Read more: https://abcnews.go.com/US/wireStory/steelmaker-cleveland-cliffs-idle-3-steel-plants-pennsylvania-121415395

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