U.S. Steel idling two blast furnaces in the US, one in Europe

U.S. Steel plans to idle two blast furnaces in the United States and one in Europe as a result of “current market conditions,” the company announced in earnings guidance released after the close of markets on Tuesday June 18.

The B2 blast furnace at U.S. Steel’s Great Lakes Works near Detroit will remain idled after a planned maintenance outage. The company also will temporarily idle a south blast furnace at its Gary Works facility near Chicago. The idlings will...

Published

Michael Cowden

June 19, 2019

15:41 GMT

New York