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Steel industry loses its luster in weak demand
The nation’s steel industry shows fading demand and rising layoffs as production peaks temporarily. Mills cut shifts, warehouses compete for quick orders, and prices dip while long-term prospects hinge on a late-year economic rebound. US Steel idled 350 workers at Vandergrift amid weak demand for electrical sheet products.
MENTIONED IN THIS ARTICLE
Pittsburgh, Pa
Cleveland
American Iron and Steel Institute
U.S. Steel Corp
Vandergrift