CALVERT CITY, Ky. (AP) — A steel production company has announced it will shut down its rolling mill steel facility in Calvert City.
The Paducah Sun (http://bit.ly/2bhZ6vk ) reports that Gerdau North America announced Wednesday that the company would idle the plant by the end of November. The move will affect 130 workers.
Gerdau North America director of communications Kim Selph says the company decided to idle the plant because of a global overcapacity of steel, which Selph says had led to depressed prices and intense competition between producers.
Selph says the company is currently meeting with the United Steelworkers union to discuss the idling of the plant.
The company has operated the Calvert City mill since 2004.
Information from: The Paducah Sun, http://www.paducahsun.com