US Steel Plans Further Cost Cutting Measures

United States Steel Corporation announced today that further consolidation is necessary to maximize efficiency while meeting customer demands. Operations to be temporarily idled over the next several weeks are the finishing and coking operations at Hamilton Works in Hamilton, Ontario, and the steelmaking and finishing operations at Lake Erie Works near Nanticoke, Ontario. Coking operations at Lake Erie Works will continue production.

Approximately 1,500 employees will be affected. Earlier today, U. S. Steel representatives met with federal and provincial officials as well as representatives of the United Steelworkers at these facilities to notify them of the temporary idling.

U. S. Steel plans to continue to temporarily concentrate production at Mon Valley Works near Pittsburgh, Pa.; Gary Works in Gary, Ind.; and Fairfield Works near Birmingham, Ala.

"The difficult decision to continue to temporarily consolidate our production, we believe, is a necessary response to current market conditions," said U. S. Steel Chairman and CEO John Surma.

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