INTERNATIONAL COAL NEWS

US Steel to cut 756 jobs on oil price

MAJOR US steel producer US Steel Corporation plans to idle two pipe plants in Houston in Texas an...

Andrew Snelling

The company notified 614 workers about potential layoffs in Lorain and 142 in Houston, adhering to laws mandating 60 days advanced warning.

The Lorain plant produces about 780,000 tonnes of seamless tubular steel products annually, while Houston produces 120,000t.

The plants will be put into idle in early March, with company spokeswoman Courtney Boone pointing the finger at “softening market conditions influenced by oil prices and trade”, according to worldoil.com.

The news comes five months after US Steel announced it would halt two unprofitable tube mills in Pennsylvania and elsewhere in Texas.

TOPICS:

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

editions

Automation and Digitalisation Insights 2025

Discover how mining companies and investors are adopting, deploying and evaluating new technologies.

editions

Mining IQ Exploration Insights 2025

Gain exclusive insights into the world of exploration in a comprehensive review of the top trending technologies, intercepts, discoveries and more.

editions

Future Fleets Insights 2025

Mining IQ Future Fleets Insights 2025 looks at how companies are using alternative energy sources to cut greenhouse gas emmissions

editions

Automation and Digitalisation Insights 2024

Exclusive research for Mining IQ Automation and Digitalisation Insights 2024 shows mining companies are embracing cutting-edge tech