Global steel producer Gerdau will reduce the workforce at its St. Paul, MN plant by more than two-thirds beginning this June.
According to the Minneapolis/St. Paul Business Journal, the mill plans to downsize its melt shop and rolling mill, but it will continue to operate its steel finishing processes.
Announced in March, the decision does not appear to be in reaction to virus-related economic concerns. Gerdau announced a similar move in January, when it was reported that the company would idle melting and rolling at its Jackson, MI plant, while retaining the mill’s processing and finishing capabilities.
The St. Paul mill, said the Journal, is heavily reliant on the automotive industry. Gerdau is based in Brazil and operates seven mills in the United States.