The headquarters of america Metal Corp., in Pittsburgh.
John Heller | Bloomberg | Getty Pictures
U.S. Metal mentioned on Friday it would idle a plant in Indiana by mid-November as a part of the consolidation of its until mill operations in america, a transfer which may lead to lay-offs for practically 150 staff.
The information comes days after the Pittsburgh-based firm revealed its plans to let go of as much as 200 employees at its Nice Lakes facility in Michigan.
The steelmaker blamed excessive ranges of low-priced imports for its resolution to consolidate work at East Chicago Tin facility into those at Gary Works and the Midwest Plant in Northwest Indiana.
The East Chicago facility at present employs 297 employees. A U.S. Metal spokeswoman mentioned the corporate expects to supply half of the workers positions on the two Northwest Indiana crops.
“Selections round worker impacts haven’t been finalized,” Meghan Cox, the corporate’s spokeswoman, informed Reuters. “Our purpose is to put as many East Chicago Tin staff as potential at different close by U. S. Metal services.”
U.S. Metal’s shares closed down 5.3% at $11.17 on Friday. Its inventory value has plunged 76% since March 1, 2018, when President Donald Trump introduced his resolution to impose 25% tariffs on international metal imports to assist revive U.S. steelmakers.