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Sumangala Steel may set up steel mill in Missouri in US – Report

Steel News - Published on Mon, 20 Nov 2017

Image Source: sreesumangala.com
Semissourian reported that an India based company could decide by year's end whether to establish a steel mill in the Missouri Bootheel. State Rep. Don Rone, R-Portageville, said a New Madrid, Missouri, site along Interstate 55 is in the running for a mill that would provide about 165 jobs. The site is in the city's new, 200-acre industrial park. He said that Sumangala Steel is studying at least three possible sites for its mill, including New Madrid. The others are in Mississippi and Tennessee.

He further said that "The steel-mill gentleman said he would give us a 'yes' or 'no' answer before the end of the year. It's right around the corner."

He added that "We are cautiously optimistic that it will be New Madrid."

Mr Rone said the company owner would not have considered locating a steel mill in New Madrid if the Missouri Legislature had not approved a right-to-work bill and a measure that provided the ability for large power users to negotiate lower electric rates.

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Posted By : Nanda Koijam on Mon, 20 Nov 2017
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