U.S. Steel: Grim Business Conditions Force Announcement Of Alabama Facilities Closure

U.S. Steel has announced plans to permanently close its blast furnace and most of the associated steelmaking operations in Fairfield, Alabama, a move that more closely aligns the company's operations with the unfavorable business conditions prevailing in the domestic steel industry. Though the company has not specified the reduction in steelmaking capacity as a result of this action, it would likely impact a significant chunk of the 2.4 million tons of raw steel production capability of U.S. Ste...