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US steel plant shut down in Indiana, putting 150 jobs at risk



The headquarters of United States Steel Corp. in Pittsburgh.

John Heller | Bloomberg | Getty Images

USA. Steel announced on Friday that it would shut down a plant in Indiana by mid-November as part of consolidating its US cash register operations, which could lead to layoffs of nearly 150 employees.

The news comes days after the Pittsburgh-based company announced its plans to lay off up to 200 workers at its Great Lakes, Michigan, facility at Gary Works and Midwest Plant in northwest Indiana.

The East Chicago facility currently employs 297 people. A US steel spokeswoman said the company expects to employ half the workers at both plants in northwest Indiana.

"Decisions regarding the impact on employees are ongoing," said Meghan Cox, the company spokeswoman, told Reuters. "Our goal is to send as many East Chicago Tin employees as possible to other nearby US steel plants."

Steel shares closed 5.3% at $ 1

1.17 on Friday. Its share price has fallen 76% since March 1, 2018, when President Donald Trump announced his decision to impose 25% tariffs on foreign steel imports to revive US steelmakers.


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