ArcelorMittal trims again
What future for Philadelphia steel?
Global steelmaker ArcelorMittal has shut another works, this time the hot-strip mill at its East Chicago Indiana complex. Company and United Steelworkers officials say they'll find other jobs for the 300 workers laid off.
ArcelorMittal, based in India and Europe, also operates the Philadelphia area's largest surviving steelworks. The former Lukens plate mill in Coatesville employs 900, though more than half the 600 union workers were laid off as of last fall, USW said here. The former Alan Wood plate mill in Conshohocken employs around 300.
Demolition work continues at the former Claymont Steel plant (most recently owned by Russia's Evraz) in Claymont, Del. The mill closed two years ago and the Delaware River/I-95 site is being prepared for industrial and commercial redevelopment by Commercial Development Co. of St. Louis. The site is close to Sunoco Logistics' Marcus Hook natural gas and liquids industrial complex. 425-acre overview here.
Coatesville industrial employment remains depressed: The former Sikorsky commercial helicopter plant there said it was laying off 700 last year. It was purchased with other Sikorsky helicopter works by military contractor LockheedMartin last fall, conslidating Lockheed's role as one of the region's largest industrial employers; it has scaled down its former General Electric and RCA facilities across the region.