November 4, 2017 ArcelorMittal has made deep cuts at ArcelorMittal Indiana Harbor in East Chicago, reducing 35 percent of the capacity and basically taking the equivalent of a smaller steel mill offline. The sprawling mill on Lake Michigan, cobbled together from the former LTV and Inland mills, can now only produce 6.5 million tons of steel per year as the result of recent Action 2020 cutbacks, down from 10 million tons a year a decade ago. "We have basically shut down permanently two blast furnaces, a steel shop, a hot strip mill, a pickle tandem complex and then a reduction of one coating line," ArcelorMittal Vice President and Indiana Harbor General Manager Wendell Carter said at the Northwest Indiana Business Roundtable's and Construction Advancement Foundation's 2017 Business & Economic Outlook at Ivy Tech in Valparaiso on Friday. "That is the… Continue Reading
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