WILMINGTON, Del. (CBS)—EVRAZ North America announced that due to subdued market demand and the high volume of imports, it will suspend operations at its steel mill in Claymont, Delaware.

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Over the next two months, about 375 employees, 200 of which are Delawareans, will complete processing and shipping of existing products and prepare the mill for idling.

EVRAZ says it will consider restarting the operations as soon as market conditions improve.

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EVRAZ says it does not expect any adverse financial effect on its operations in North America as a result of this action and customers of the Claymont mill will be served by other EVRAZ facilities.

“We appreciate our employees’ efforts to operate EVRAZ Claymont as efficiently as possible,” said John Zanieski, Executive Vice President. “Unfortunately, market conditions continue to be challenging and low market visibility makes it difficult to foresee when positive changes will occur.”

With the help of Governor Markell’s office, the company is evaluating options for resuming operations at the Claymont mill. “We value the support we have received from the Governor, the state of Delaware and the community of Claymont over the years and appreciate their continued support during this challenging time,” Zanieski said.

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