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Trump Trade War - Republic Steel to restart Lorain facility

Steel News - Published on Mon, 12 Mar 2018

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Republic Steel, US'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.

Jaime Vigil, President & CEO, said "Republic is more than prepared to support market demand that has been previously supplied by imports. We maintained our Lorain facility while it's been idled waiting for the opportunity to restart and it appears that time is finally here."

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Posted By : Ratan Singh on Mon, 12 Mar 2018
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