Summary
Reacting to the downturn in steel demand, U.S. Steel Corp. said late Tuesday it temporarily will consolidate steel production at its Mon Valley Works and mills in Indiana, Alabama and Ontario, laying off about 3,500 employees at out-of-state mines and mills.
The consolidation "is a necessary response to current market conditions," U.S. Steel Chief Executive John P. Surma said.See the full content of this document
Extract
U.S. Steel to Merge Factory Output
Pittsburgh-based U.S. Steel said it made the decision after a continuing revie...
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