Nucor shuts down steel mill due to market conditions

CONVENT, La. (AP) — Nucor Corp. has decided to temporarily halt production at its St. James steel mill because of market conditions. The Advocate ( http://bit.ly/1IaB1U2 ) reports Nucor announced Wednesday that its direct reduced iron plant has shut down for routine maintenance. Afterward, the...

CONVENT, La. (AP) — Nucor Corp. has decided to temporarily halt production at its St. James steel mill because of market conditions.

The Advocate (http://bit.ly/1IaB1U2 ) reports Nucor announced Wednesday that its direct reduced iron plant has shut down for routine maintenance. Afterward, the company will continue to stop production at the facility until market conditions improve.

St. James Parish President Timmy Roussel says none of the employees at the plant will be laid off. Nucor issued a statement saying the company has a history of keeping its workers even during down market conditions.

Roussel says he hopes the plant can start production against in January.

The company invested $750 million in the mill as the first part of a larger $3.4 billion steel complex that altogether would employ 1,250 people.

___

Information from: The Advocate, http://theadvocate.com

More