US Steel postpones construction of Alabama furnace
23 December 2015
U.S. Steel Corp. says it's delaying the construction of an electric arc furnace at a plant in Fairfield, Ala.
Officials said in a statement Monday that market conditions in the oil, gas and steel industries led to their decision.
In August, U.S. Steel announced it was closing its Fairfield Works mill, which was expected to impact more than 1000 employees. The remaining U.S. Steel facility is used to manufacture steel pipes.
U.S. Steel officials say the postponement isn't expected to impact operations at its other plants.
Company officials on Saturday said they reached a tentative agreement with the United Steelworkers union that is expected to cover about 18,000 employees in Alabama, Ohio and Texas.