Homer Labs was regarded as the finest steelmaking research and development facility in terms of caliber of people and equipment in the entire North American steel industry.

We know employees value the company match, and it's been a mainstay of our program, but we needed to look at all ways to lower costs.

It has had an impact on us, but we haven't had any layoffs. We have reduced our volumes, prices have fallen and we are pursuing a variety of (trade) actions at the highest levels of the administration.