U.S. Steel Corp. announced it will idle a steel mill near Detroit and lay off more than 1,500 to deal with financial losses.
The firm “intends to indefinitely idle a significant portion of its Great Lakes Works operation” near Detroit and will start “idling the iron and steelmaking facilities on or around April 1, 2020, and the Hot Strip Mill rolling facility before the end of 2020,” the company said in a statement on Thursday.
