It is reported that US Steel Canada has begun shutting down its Hamilton blast furnace due to the global financial crisis. It intends to halt primary steelmaking for 6 to 8 weeks while continuing to make coke at full speed.
US Steel Canada is in talks with union leaders to reschedule maintenance projects to keep employees on the job. The tentative timeline for the shutdown could change depending on the economy.
Monday, October 27, 2008
US Steel cut back production
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