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As steelmakers burn cash and idle mills, these names must to be on any list of distressed companies.

2016-01-22 04:56:48| Steel - Topix.net

U.S. steelmakers have been getting hammered lately, as many idle their mills to offset low prices -- blaming their dismal numbers on the flood of cheap imports and reduced demand from oil and gas customers. The first is Pittsburgh-based producer U.S. Steel .

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AK Steel to Idle Hundreds in Ashland

2015-12-15 18:11:23| Steel - Topix.net

Christmas week lay-offs are coming to hundreds of workers at the AK Steel manufacturing plant in Ashland. An Ohio newspaper says up to 620 people will be laid off at the plant in Ashland.

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AK Steel to Idle Ashland Blast Furnace

2015-10-29 04:11:53| Steel - Topix.net

Due to the challenging market conditions resulting from the surge of low-priced imports, AK Steel plans to temporarily idle its Ashland, Ky., blast furnace and related steelmaking operations. The company says it has appropriate steelmaking capacity at its other plants to meet customer requirements and does not expect any interruptions in shipments.

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AK Steel Issues Notice To Temporarily Idle Portions Of Ashland, Kentucky Works

2015-10-16 21:51:28| Steel - Topix.net

AK Steel said it does not intend to idle the hot-dip galvanizing line at Ashland Works that primarily services automotive customers. AK Steel said it has appropriate steelmaking capacity at its other plants to meet customer requirements and does not expect any interruptions in shipments to its customers.

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US oil explorers idle rigs for sixth straight week

2015-10-10 03:30:07| Oil & Gas - Topix.net

Drillers in the Permian sidelined 10 oil rigs, reducing the count there to 230, Baker Hughes said. In the Eagle Ford shale formation, the number fell by 2 to 67. Rigs targeting oil in the US fell by 9 to 605, adding to the 61 sidelined in the previous five weeks and extending a five-year low, Baker Hughes said on its website Friday.

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