McDonald Steel Corporation will be closing its doors at its McDonald facility after 42 years in business.

The company announced to its workers, part of the Teamsters Local 377 union, during a team meeting on June 27 that production of steel will end in September or October.

The facility will completely stop operations by December.

According to Teamsters Local 377 Treasurer Ralph "Sam" Cook, the facility is closing due to a slowdown in steel orders.

The company will complete existing contracts.

Extensive updates needed to keep the facility running were also a primary reason the facility will be closed. Cook tells 21 News that the facility needed an estimated $60 million in updates for the operation to continue there. 

The closure impacts more than 80 employees.

McDonald Steel could not be reached for comment.