Thursday, March 05, 2009

Steelmaker idling Georgetown mill

For the second time since December, the former Georgetown Steel mill is being temporarily shut down because of falling orders. The move is expected to affect about 240 workers.

The plant's owner, global steelmaking titan Arcelor Mittal, warned when it released earnings last month that it would continue to maintain its 45 percent cut in worldwide production.

"As a result, ArcelorMittal has announced that it will be ceasing plant operations at the company's Georgetown facility for a short period," it said in a written statement Wednesday.

The shutdown is expected to last less than one month, but details were not available.

The nearly 40-year-old mill, which sits in the middle of town and is an important employer in Georgetown County, has two electric furnaces that can produce in a year 1 million tons of liquid steel and 750,000 tons of wire rod.

Full Story Charleston Post and Courier

No comments: