Steelmaking is on hold at the ArcelorMittal plant in Cleveland due to a drop in business.

Both blast furnaces were idled this week, and the company plans to offer voluntary layoffs with partial pay starting next week. About 1,450 union members work at the plant.

Mark Granakis, president of the United Steelworkers local in Cleveland, says there could be as many as 400 job reductions.

ArcelorMittal spokeswoman Katie Patterson says updated information could come Wednesday when the company announces third quarter earnings.

Jobs for those who remain at the plant will include maintenance and completing work on existing inventory. The hot strip part of the mill, where slab is turned into coil, continues to operate.