36 employees will be laid off from Tonawanda plant
A Tonawanda plant that does aluminum and steel blanking for the auto industry will lay off 36 workers in April.
Source: wgrz.com
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ArcelorMittal still holds strong assets in US, even after Cleveland-Cliffs deal
ArcelorMittal has strong prospects in the United States. This is even after the group sold in 2020 almost 14 million tons of integrated crude capacity to Cleveland-Cliffs. “It is one of the major steel markets, even though many steel plants in the United States have shut down in the past 10 years,” one analyst said. ArcelorMittal completed the sale of its US division to Cleveland-Cliffs in December. That came after concluding a $1.4 billion agreement earlier in September to sell six steelmaking plants to the Ohio-based company. However, the Luxembourg-headquartered group did retain sever...
Source: agmetalminer.com