Warren steel company announces closing, citing market downturn

WARREN

An industry downturn has led a local producer and supplier of carbon and alloy steel products to shut down temporarily.

Warren Steel Holdings, 4000 Mahoning Ave. NW, will close on or before Nov. 30, according to a letter sent to employees this week.

“Given the current challenging market conditions, we have made the difficult decision to temporarily shut down steelmaking operations at Warren Steel Holdings,” said a company statement. “Our current expectation is to restart production sometime in the first quarter of 2016, contingent on market and business conditions at that time.”

Jose Arroyo, business representative in the Youngstown/Warren area for the United Steelworkers, said about 150 employees will be affected. USW organized the plant this year.

The company did not respond Wednesday to a request for how many employees will be affected by the shutdown.

The union will have a workshop for employees starting at 6 a.m. Monday at the USW Local 1375 hall, 684 N. Park Ave., for unemployment, health care and other information.

Read more about the situation in Thursday's Vindicator or on Vindy.com.