Steel Mills
Liberty Steel Extends Georgetown Idle
Written by Sandy Williams
July 29, 2020
Liberty Steel says it will continue to operate its Georgetown facility under “care and maintenance” due to the ongoing challenging market conditions.
The company idled Georgetown in April with expectations of reopening in three months. Approximately 130 employees and contractors were laid off.
“A skeleton staff will continue to manage the care and maintenance program. In the meantime, customer orders for wire rod will be fulfilled from Liberty’s steelworks in Peoria, Ill.,” said an updated statement from the company.
Liberty Steel Georgetown is an integrated steel wire rod manufacturer located in South Carolina with an annual rolling capacity of 750,000 metric tons per year. The facility has two electric arc furnaces.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Nucor shuttering Chicago tubular facility
Nucor is closing its Nucor Tubular Products Chicago facility and will be laying off 47 workers.
Algoma foresees narrow profit (or loss) in fiscal Q2’25
Canadian flat-rolled steelmaker Algoma predicts that it will be roughly breakeven on an adjusted EBITDA basis in the second quarter of its fiscal year. The Sault Ste. Marie, Ontario-based company expects adjusted EBIDTA in a range from a gain of $5 million CAD ($3.7 million USD) to a loss of $5 million CAD in fiscal Q2'25.
Arbitration board sides with USS over USW on Nippon deal
A board of arbitration has ruled in favor of U.S Steel vs. the United Steelworkers (USW) union in a dispute regarding Nippon Steel’s more than $14-billion proposed deal for the Pittsburgh-based steelmaker.
USS first to get nod to sell ‘ResponsibleSteel’ items at Big River
U.S. Steel is the first steelmaker in the world qualified to sell its products as “ResponsibleSteel Certified Steel” at its Big River Steel operation in Osceola, Ark.
USS: No production impact from Midwest Plant fire
A transformer caught fire at U.S. Steel’s Midwest Plant in Portage, Ind., on Sunday.