Wheeling-Nisshin, Inc., a steel finishing mill in Follansbee, West Virginia, announced Wednesday evening that they will temporarily lay off 90 of their 170 workers during the week beginning January 4th, due to the current economic crisis and lack of steel orders.
The mill was at a utilization rate of about 50 percent in October but then dropped down to about 25 percent in November, and has remained at around that production rate.
The company said it will analyze the temporary layoffs on a week-to-week basis.
Wheeling-Nisshin, Inc. is a joint venture between Nisshin Steel Co. Ltd. of Japan and Wheeling-Pittsburgh Steel Corp.