Green steelmaker Boston Metal to cut jobs following equipment failure

February 23, 2026 at 6:30 PM
Maria Gallucci

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Summary

Green-steel startup Boston Metal has suffered a major setback following an industrial accident at its facility in Brazil. The Massachusetts-based company announced it will lay off 71 people in the U.S. after the incident at its Brazilian plant last month thwarted a key funding deal, Boston Business Journal first…

Green-steel startup Boston Metal has suffered a major setback following an industrial accident at its facility in Brazil. The Massachusetts-based company announced it will lay off 71 people in the U.S. after the incident at its Brazilian plant last month thwarted a key funding deal, Boston Business Journal first…

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