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Update: Job Cuts Might Be on the Way at U.S. Steel's Ohio Tube Plant
01/08/2016 - United States Steel Corporation is planning to cut production and lay off approximately 260 employees at its Lorain, Ohio, tubular operation, according to The (Elyria, Ohio) Chronicle-Telegram newspaper.
Citing numbers provided by a United Steelworkers local president, the newspaper reported that the headcount at the seamless tube facility will be reduced to 76 over the next several weeks.
However, U.S. Steel would not confirm the report, although it said it is adjusting production.
"We continue to adjust our production at Lorain to meet our operational and business needs. We have not provided additional comment or confirmation regarding the number of employees potentially impacted," it said in a statement.
The newspaper reported that low steel prices and the weak energy markets are prompting U. S. Steel to throttle down production at the plant.
“Challenging market conditions, including fluctuating oil prices, reduced rig counts, depressed steel prices and unfairly traded imports continue to reduce demand for tubular goods,” the company wrote in a statement, the newspaper said.
U. S. Steel has two mills at the facility, which is capable of manufacturing 780,000 net tons of oil country tubular goods, casing and drill pipe, standard pipe, line pipe and coupling stock. It also makes goods for the construction industry.
Any layoffs would follow a previous round of job cuts that occurred in March, when 614 were let go from the facility, according to the newspaper.
Earlier this week, speical bar quality producer Republic announced it would ilde indefinitely its Lorain, Ohio, rolling mill and lay off approximately 200 people. The mill serves the automotive and energy markets.
However, U.S. Steel would not confirm the report, although it said it is adjusting production.
"We continue to adjust our production at Lorain to meet our operational and business needs. We have not provided additional comment or confirmation regarding the number of employees potentially impacted," it said in a statement.
The newspaper reported that low steel prices and the weak energy markets are prompting U. S. Steel to throttle down production at the plant.
“Challenging market conditions, including fluctuating oil prices, reduced rig counts, depressed steel prices and unfairly traded imports continue to reduce demand for tubular goods,” the company wrote in a statement, the newspaper said.
U. S. Steel has two mills at the facility, which is capable of manufacturing 780,000 net tons of oil country tubular goods, casing and drill pipe, standard pipe, line pipe and coupling stock. It also makes goods for the construction industry.
Any layoffs would follow a previous round of job cuts that occurred in March, when 614 were let go from the facility, according to the newspaper.
Earlier this week, speical bar quality producer Republic announced it would ilde indefinitely its Lorain, Ohio, rolling mill and lay off approximately 200 people. The mill serves the automotive and energy markets.
