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U.S. Steel weighing Keetac restart amid ‘improved’ third quarter

KEEWATIN, MN -- U.S. Steel leaders say they're looking toward restarting the Keetac iron ore pellet facility in Keewatin six months after it shutdown.

President and CEO David Burritt said in a conference call Friday that they're analyzing the timing of a potential restart amid an "improved" third quarter earnings report, according to Business North.

“The third quarter has improved and continues to be a quarter of optimism,” said Burritt. “We believe market strength will continue into the first quarter of 2021.”

Keetac originally shutdown in May due to impacts on demand amid the pandemic.

About 375 employees have been laid off while the mine sits idle.

While other Iron Range mines also shutdown and laid off workers during the pandemic, Keetac is the only one that hasn't come back online.

Briggs LeSavage

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