Steel Giants Move Forward With Plans to Revive Idled Operations

SUGAR LAND--August 14, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Will the steel industry rebound before the end of the year? ArcelorMittal USA Incorporated (East Chicago, Indiana), a subsidiary of global steel giant ArcelorMittal (NYSE:MT) (Luxembourg), decided in May to suspend all operations at its steel mill in Cleveland, Ohio. The company retained 250 workers to continue with the ongoing maintenance needs at the plant, which normally employs approximately 1,500 people. ArcelorMittal promised in a written statement that it would recall workers as soon as market conditions allowed.

Other companies featured: United States Steel Corporation (NYSE:X)