U.S. Steel Cuts Jobs, Idles Furnaces as Demand and Prices for Steel Tumble

SUGAR LAND--August 26, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--Declining orders and a plunge in steel prices are setting off alarms at United States Steel Corporation (NYSE:X) (U.S. Steel) (Pittsburgh, Pennsylvania), which has announced two rounds of layoffs and the idling of several steel furnaces in the past few weeks. Industrial Info is tracking more than $3 billion in active projects from U.S. Steel, more than $1.3 billion of which is attributed to projects under construction. Within this article: Details on some of the active project at and near facilities affected by U.S. Steel's recent announcement, including those in Michigan and Indiana.