U.S. Steel will borrow $800 million from a stand-by credit facility, and slash its 2020 spending by $125 million, as global demand collapses. Liberty Steel in Georgetown County, South Carolina is laying off 130 workers as it scales back production, and Evraz Oregon Steel in Portland is laying off 230 out of 600 employees. GRANITE CITY, Ill. (AP) — Temporary layoffs at the U.S. Steel mill in Granite City are expected to begin the week after Christmas. The two furnaces were idled from 2015 until 2018 as the Section 232 steel tariffs were rolled out and helped push US HRC prices to near 10-year highs in the early parts of the third quarter. It could mean a savings of $75 million in 2020. United States Steel Corp. (IW 500/73) announced it would be idling operations at the Granite City, Illinois, plant. It already faces a record number of bankruptcies from declining demand for power generation coal. The silhouette of idle blast furnaces are seen during sunrise at the U.S. Steel Corp. The company gave notice last Friday to federal and local governments that it would be laying off thousands of employees around the country, including several hundred at its facility in Granite City. The USW fully embraces Trump’s trade war policies. And while it’s expected to be temporary, more than 2,000 workers will be laid off beginning May 28, according to the Chicago Tribune. The company idled the blast furnaces in 2015 as US steel prices fell. The USW’s only criticism is that current policies do not go far enough to include autos, appliances and other steel products. Late last year, US Steel bought a stake in electric furnace steelmaker Big River Steel for $700 million with the option to buy the rest of the Arkansas-based steelmaker by 2023. A spokesman for Local 1899 says it could actually be closer to 100 workers, most who are probationary or have been on the job for a short time. This move comes with the plummeting oil prices that have hit the United States second largest steelmaker with a punch to the gut. While demand rose modestly, the price of steel climbing temporarily to reach a high of $900 per ton, the additional capacity coupled with slowing growth quickly led to a crisis of overproduction and falling steel prices. The closure of the three mines has wiped out over 1,500 jobs. It’s not known right now how long the layoffs will last. Although the price of U.S. steel rose in 2018, it fell to half that last year, resulting in thousands of layoffs nationwide including nonunion jobs in Granite City. Earlier this month US Steel, the nation’s second largest steel maker, began sending layoff notices to its 1,545 workers at its Great Lakes Steel works on Zug Island in the downriver communities of River Rouge and Ecorse just south of Detroit. 12/19/08By Adam Jadhav As the steel plant in Granite City is idled, U.S. Steel workers worry about the future of their jobs. 24 April 2020 Steel mills are closing and layoffs mount in the United States steel industry as manufacturers are in their worst crisis in history following the coronavirus pandemic. That came as part of a wider series of cuts. The company said the cuts are part of its "best of both" strategy, combining leading integrated and mini-mill steel technology. Posted on May 6, 2020 GRANITE CITY — U.S. Steel on Friday reported it plans to lay off several thousand employees nationwide, including about 700 at Granite City Works. US Steel has also idled blast furnaces at mills in Gary Works in Indiana and its Granite City Works in Illinois. Metallurgical coal sells at a much higher price and is much more profitable than power coal. U.S. Steel Corp. restarted the Granite City blast furnace in March, recalled 500 employees and may hire an additional 300 workers. Pittsburgh-based U.S. Steel said in a filing Thursday that it sent out notices of plans for layoffs to 6,500 employees, but that it expects the actual number affected to be about 2,700. On Friday, a Worker Adjustment and Retraining Notification Act notice was received by the Madison County Board office. U.S. President Donald Trump celebrated U.S. Steel Corp’s decision to re-employ hundreds of laid-off workers and lamented decades of past leaders’ trade […] Coke workers are represented by … By aligning themselves with Trump’s economic nationalism, the misnamed “united” steel workers labor syndicate is trying to line workers up against their co-workers throughout the world and behind US companies. Granite City is a city in Madison County, Illinois, United States, within the Greater St. Louis metropolitan area. FILE PHOTO - U.S. President Donald Trump speaks about trade at the Granite City Works steel coil warehouse in Granite City, Illinois, U.S., July 26, 2018. U.S. Steel included in the announcement its intention to lower capital spending in 2020 to $750 million, down $125 million from earlier projections. ArcelorMittal, the world’s largest steel producer and the number three US steel maker is also cutting back production. Aside from maintenance personnel, most of the 600 workers at US Steel’s Lone Star Tubular Operations in Lone Star, Texas will lose their jobs. The company says it's idling the southern Illinois mill due to market conditions such as imports, depressed steel prices and fluctuating oil prices. United States Steel is also closing its tube mills in Lorain, Ohio and in Lone Star, Texas. Dennis Barker, vice president of the Granite City SOAR (Steelworkers Organization of Active Retirees) Chapter, said the prices and demand of steel are decreasing, forcing U.S. Steel to do some cost-cutting. Commodities10 hours ago (Apr 30, 2020 05:54PM ET) (C) Bloomberg. The corporations rely on older blast furnaces to produce steel while Nucor and Steel Dynamics rely primarily on the newer electric furnaces. Granite City has seen its fair share of layoffs in the past two decades. In addition to layoffs and closures, US Steel has put off long overdue and much needed maintenance and improvements to its Mon Valley Works near Pittsburgh, Pennsylvania. One of the biggest U.S. steelmakers is signaling how the coronavirus pandemic is set to inflict pain on blue-collar America. WBGZ Radio 5/4/2020 | By Mark Ellebracht - WBGZ Radio. Steel coils sit outside at the U.S. Steel Corp. U.S. Steel notified employees that they would lay off as many as 737 workers at the Granite City plant in late April following news that major auto companies would stop production at many plants as COVID cases spiked across the country. The two furnaces were idled from 2015 until 2018 as the Section 232 steel tariffs were rolled out and helped push US HRC prices to near 10-year highs in the early parts of the third quarter. On Friday, a Worker Adjustment and Retraining Notification Act notice was received by the Madison… Granite City Works blast furnaces and its steelmaking facilities were idled in December 2015, resulting in layoffs of more than 2,000 workers. Hibbing Taconite will end mining May 3 while all of its 650 workers will be laid off. In a statement U.S. Steel spokesperson Amanda Malkowski said the layoffs were due to “challenging market conditions.” Officially, the Worker Adjustment and Retraining Notification Act (WARN) notice was sent to the Madison County Board office indicating about 700 layoffs locally, although the company and local Steelworkers Union expects it to be much less. GRANITE CITY — An undisclosed number of non-union employees at Granite City’s U.S Steel plant have been laid off. MUST CREDIT: Bloomberg photo by Daniel Acker. He, like Trump, will use anti-Chinese rhetoric to pit workers in the United States against their class brothers and sisters throughout the world. Earlier this month the transnational announced plans to lay off hundreds of workers at the Indiana Harbor mill outside of Gary, Indiana. The price is expected to drop further as demand continues drying up. The U.S. Steel Granite City Works could see a reduction in its workforce. St. Louis, MO – United States Steel has confirmed that it plans to lay off additional workers at its facility in Granite City. As production and demand collapses, the USW is already pedaling the lie that there is nothing that can be done, and that workers have to wait and suffer until the economy opens up again. In the upcoming presidential campaign, the USW will be backing Democrat Joe Biden, himself a strong supporter of trade war measures. The price of hot-rolled coiled steel, the industrial benchmark, has fallen 18 percent from $608 a ton in January to less than $500 a ton presently. Steel coils sit outside at the U.S. Steel Corp. Both mills make steel piping for the gas drilling and transport industry. The expected 2020 capital spending budget for the EAF project is unchanged at $150 million. The only way to oppose the relentless job- and wage-cutting demands and ensure that production is run safely is to unite the entire working class to transform the steel industry into a public enterprise under the democratic control and collective ownership of the working class. Even before the impact of the coronavirus, the decline in steelmaking was well underway. China, which produces over half the world’s steel, kept most of its production running even while its manufacturing plants were shut down. U.S. Steel announced the restart of two blast furnaces at Granite City last year in a bid to capitalize on higher US steel prices. The montage ad shows Trump in a personalized white hardhat at a U.S. Steel plant in Granite City, Illinois, in 2018. Declining prices and demand for oil and natural gas has meant a halt to most gas drilling and pipeline construction. The Keetac mine in Keewatin will be closed by the end of May. United States Steel’s corporate stock had lost 75 percent of its value, falling from the recent high of $48 in the beginning of 2018 to the $10-$12 range in December and January of this year and has since fallen even further—to the $5-$6 dollar range. Currently, steel mills are operating at 56 percent of capacity, down from 80 percent in 2019 according to the American Iron and Steel Institute. Before the pandemic, US Steel, Nucor and ArcelorMittal all brought additional capacity online in anticipation of greater demand. During his election campaign, Trump repeatedly promised he would revive the steel industry through trade war measures primarily aimed at imports from China and Europe. Granite City Works facility in Granite City, Illinois, U.S., on Thursday, July 26, 2018. The Belleville News-Democrat reports about 2,000 workers will begin to be laid off on Dec. 27. United States Steel Salaries in Granite City, IL 56 salaries (for 44 job titles) Updated Mar 26, 2020 56 United States Steel employees have shared their salaries on Glassdoor. Coils, beams and slabs of steel are piling up in the yards of steel mills throughout the country and world. U.S. Steel says it expects to complete the electric arc furnace (EAF) at Tubular as planned, with first arc anticipated in the second half of 2020. Incidentally, X restarted two blast furnaces at Granite City in … The “temporary” shutdown of U.S. Steel’s Granite City Works that was recently announced sent a shockwave of distress over the 2,000 workers that will soon face layoff and the city that relies on that mill. The shutting down of blast furnaces will lead to a vast drop in metallurgical coal supply, leading to even more mine closures and bankruptcies. The Granite City plant in Trump’s ad announced in April that it was laying off 737 workers as car companies cut back production after the coronavirus pandemic spread across the U.S. It’s unclear exactly how many workers have been let go. Granite City Works facility in Granite City, Ill., on Wednesday, Oct. 25, 2017. US Steel makes additional changes in response to COVID-19 outbreak In addition to already-announced changes in its tubular operations, U.S. Steel will idle blast furnaces in Gary, Indiana, and Granite City, Illinois. United States Steel Corp. (IW 500/73) announced it would be idling operations at the Granite City, Illinois, plant. GRANITE CITY — U.S. Steel on Friday reported it plans to lay off several thousand employees nationwide, including about 700 at Granite City Works. One-hundred workers with less than three years’ service are being laid off immediately while the other 260 employees will lose their jobs by the end of May. Last month the company issued a Worker Adjustment and Retraining Notice (WARN) that it would idle its operations at Lorain Tubular Operations facility in Lorain, Ohio, with all 250 employees being laid off starting May 24. The 390 union and non-union employees work at … Tens of thousands of steelworkers and iron ore miners are losing their jobs as demand disappears and steel mills throughout the country close down and production scales back. The company also lowered the 2020 capital expenditure budget by $125 million. U.S. Steel expects the layoffs to be temporary, Mark Tade, director of employee relations, said in the notice, but they may last longer than six months. China now has enough steel sitting in its warehouses, yards and docks to supply world demand. Many smaller steel companies are also laying workers off. The wiping out of jobs in steel production is another nail in the coffin for the United States coal mining industry. It could mean a savings of $75 million in 2020. 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