Calumet Steel Co. closed its production operations last week putting 200 employees out of work.
The 95-year-old company "could no longer compete in a steel market severely influenced by imported steel," said James Mertz, chairman of the privately owned minimill. He added that the tariffs imposed as a remedy to the flood of imported steel would be of no help to the company because they "don't do anything about NAFTA countries."
The minimill produced steel bars and light shapes consumed by the agricultural, construction, lawn care and automobile and industrial machinery manufacturing industries. The (Indiana) Times
Latest from Recycling Today
- McKinsey predicts ongoing demand for recycled-content metals
- Fleetio launches Advanced Analytics to help fleets turn data into action
- Rice Lake SURVIVOR® Truck Scale Advantages
- Why use weigh in motion truck scales with the SURVIVOR OTR-IMS system
- New in-motion truck scale system from Rice Lake Weighing Systems
- Case adds new CX380E crawler unit to its large excavator lineup
- Impact Air Systems launches a next-gen material drum separator
- Novelis to supply low-carbon aluminum to Velux Group
