Liberty Steel Temporarily Shutters Peoria Wire Mill
12/04/2024 - Liberty Steel is shuttering its wire mill in Peoria, Ill., USA, temporarily and has furloughed over 500 employees at the facility, according to the (Peoria) Journal Star.
"After evaluating current steel market challenges, including the influx of low-priced imports, we have taken the difficult decision to idle the Peoria wire mill temporarily from 6 December. Wire mill staff will be retained on furlough during this period, and the organization plans to restart as the market improves, with a projected date of early February," a spokesperson for Liberty Steel told the Journal Star.
The closure of the steel mill is expected to impact 260 employees, and the closure of the wire mill will affect another 280 workers, according to Penny Wight, president of the Independent Steel Workers Alliance in Peoria.
"This is all due to the financial hardship the company is facing," Wight said.
Read more here.
The closure of the steel mill is expected to impact 260 employees, and the closure of the wire mill will affect another 280 workers, according to Penny Wight, president of the Independent Steel Workers Alliance in Peoria.
"This is all due to the financial hardship the company is facing," Wight said.
Read more here.
