Steel Mills
January 12, 2016
Written by Sandy Williams
Media reports indicate that ArcelorMittal Steelton, a producer of rail in Pennsylvania, may be up for sale.
Local government officials and the president of USW Local 1688 say they have been informed by the company that the facility is for sale. A spokesperson for ArcelorMittal said the company “does not comment on rumors or market speculation.”
ArcelorMittal plans to build a new electrical steel manufacturing facility near its AM/NS Calvert joint-venture mill in Alabama. The steelmaker plans to produce 150,000 metric tons (165,350 short tons) of non-grain-oriented electrical steel (NOES) annually there through its wholly owned subsidiary, ArcelorMittal Calvert LLC. ArcelorMittal revealed its plans for the new mill on Monday, following the Department […]
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U.S. Steel has provided some clarity for the United Steelworkers (USW) union regarding the union's rights as the steelmaker considers multiple offers to buy the company.
U.S. Steel dropped a bombshell last week when it announced that it is up for sale. While a company buyout would be profitable for any buyer, there could be regulatory hurdles, according to industry analysts.