According to local media reports, Gerdau’s mill in Wilton, Iowa, is stopping its shredding operation, affecting 15 workers. In March, the company laid off approximately 35 workers at the plant.
“The company’s decision to idle was based on market analysis, our production capabilities and identification of cost competitive alternatives to help ensure the sustainability of the Wilton steel mill, which employs approximately 250 people,” said a company statement to media.
“It was not easy for the company to make this decision since it impacts employees’ lives, but it was necessary in order to ensure the long-term success of the Wilton mill. A potential restart of the shredder would be considered if market conditions improve and appear to be sustainable.”