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The company said the idling of two Pennsylvania plants, one in
Steelton and one in Conshohocken, and one in Riverdale,
Illinois, is due to “insufficient demand and pricing” and
nothing to do with President Donald Trump's tariffs.
“These temporary, indefinite idles are a necessary response to
insufficient demand and pricing for the products the affected
facilities produce, including rail, specialty plate, and
high-carbon sheet; all of which fall outside of Cliffs’ core
business focus,” the company said.
The idlings will be indefinite, and start around June 30, at the
end of a 60-day notice period required by federal law. About 950
workers will be out of work during the shutdowns, Cleveland
Cliffs said.
It said its flat-rolled steel production levels will not be
affected.
Cleveland Cliffs in recent weeks had announced that it will idle
or partially idle two iron ore mines in Minnesota, affecting 630
workers. It also said in March that it will idle a steel plant
in Dearborn, Michigan, affecting about 600 workers, citing “weak
automotive production in the United States."
“We believe that, once President Trump’s policies take full
effect and automotive production is re-shored, we should be able
to resume steel production at Dearborn,” it said.
Cleveland Cliffs did say, however, that it plans to resume
operation at its blast furnace in Cleveland, which was idled
last year.
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