Between 70 and 85 employees of Essar Steel Algoma received layoff notices from the mill just prior to the Labour Day long weekend.
"Current market conditions have prompted a reduction in production levels and the company has had to adjust staffing levels accordingly," Brenda Stenta, the company's manager of corporate communications, tells SooToday.
"The plate market has experienced a significant drop driven by low demand in consuming markets, including those on the energy side along with rail-car and agricultural markets."
"This, combined with a continued presence and threat of low-priced and dumped imports has pushed plate prices below hot-rolled coil, a highly unusual turn of events."
"We regret the impact this will have on our employees, their families and the community. In the event there is a recovery in market conditions and staffing needs increase, consideration will be given to those individuals impacted as a result of shortage of work."