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US Steel Announces Lone Star Layoffs

 

U.S. Steel has announced the lay-offs of 450 employees at Lone Star Tubular Operations and  the idling of the plants in Morris County and Alabama.  The company blamed weak conditions in the energy market for the decision to cut jobs and shut the plants, which produce pipe and tubing used in shale gas and oil drilling. The company had notified the Lone Star workers in January that operations could be idled on or after March 13.