Posted on 10/15/2013 12:16:08 AM PDT by Freelance Warrior
EVRAZ North America announces that due to subdued market demand and the high volume of imports, it will suspend operations at its steel mill in Claymont, Delaware. Over the next two months, about 375 employees will complete processing and shipping of existing products and prepare the mill for idling. EVRAZ will consider restarting the operations as soon as the market conditions improve.
All of the mill's employees, with the exception of a small crew who will remain to maintain the site, have been issued Worker Adjustment and Retraining Notification (WARN).
EVRAZ Claymont makes steel plate and custom plate products for industrial customers. Total production volumes in H1 2013 and for the whole of 2012 were 171.5 thousand metric tonnes and 348 thousand metric tonnes, respectively.
(Excerpt) Read more at evraz.com ...
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