Le Lézard
Classified in: Mining industry, Business
Subject: CXP

Republic Steel Positioned to Restart its Lorain, OH Facility and Bring Back 1,000+ Jobs in Response to Steel Tariff Signed Today by President Trump



CANTON, Ohio, March 8, 2018 /PRNewswire/ -- Republic Steel, the nation's leading provider of special bar quality (SBQ) steel, today announced that it is positioned to restart its Lorain facility, including its idled electric arc furnace, casters and rolling mills, on short notice as a response to the recently announced steel tariff.    

Republic is prepared to respond quickly to an anticipated uptick in demand across the nation.  Republic currently has open capacity at its Canton melt shop and would restart Lorain which would provide more than a million tons of new production capacity to support the SBQ bar & coil and seamless tube round markets.  This could result in Republic bringing back 1,000+ jobs to its Lorain, OH facility.  Republic anticipates that it would take a few months to hire and train employees and restart its idled equipment.  "Republic is more than prepared to support market demand that has been previously supplied by imports" says Jaime Vigil, President & CEO.  He continues "we maintained our Lorain facility while it's been idled waiting for the opportunity to restart and it appears that time is finally here."

About Republic Steel

Republic Steel is North America's leading supplier of special bar quality (SBQ) steel, a highly engineered product. Republic's products include hot rolled steel bars, cold finished steel bars, cold heading quality rod and wire and leaded steel bars. With headquarters in Canton, Ohio and steelmaking capabilities in Canton, and Lorain, Ohio, the company also operates value-added rolling and finishing facilities in Canton, Lorain, Massillon, and Solon Ohio; and Lackawanna, N.Y. Republic employs approximately 850 people.

For Additional Information Contact:

Ted Thielens                                                    
Republic Steel                                                                        
jthielens@republicsteel.com
                          

 

SOURCE Republic Steel


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News published on 8 march 2018 at 17:29 and distributed by: