Prospective buyer emerges for Georgetown wire rod mill

Thursday, 28 May 2015 02:01:02 (GMT+3)   |   San Diego
       

A prospective buyer has emerged who wants to save the Georgetown steel mill from its impending doom.

Local news in Georgetown, South Carolina reported that a Florida entrepreneur who has previously attempted to purchase the wire rod mill owned by ArcelorMittal plans to meet with officials from the plant this week.

ArcelorMittal announced May 14 that it intends to shut down the 46-year-old plant permanently in August. Joseph G. Wortley of Boca Raton told media that he believes he can “make the facility profitable because of its unique ability to make a high quality of wire rod.”


Similar articles

Asian wire rod market tumbles amid pessimism in China

28 Mar | Longs and Billet

Turkey seeks to raise rebar export offers, demand mostly seen locally

27 Mar | Longs and Billet

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

Saudi Arabia’s Hadeed keeps local longs prices stable again for April

26 Mar | Longs and Billet

Local Turkish official domestic wire rod prices follow diverse trends

26 Mar | Longs and Billet

Iskenderun-based Turkish mill issues its longs prices

26 Mar | Longs and Billet

Some EU flat steel import quotas about to be exhausted near end of period

26 Mar | Steel News

Local wire rod quotations in Indian market - week 13, 2024

26 Mar | Longs and Billet

Local Chinese longs prices up $7-8/mt amid improved demand

25 Mar | Longs and Billet

Stocks of main finished steel products in China down 0.6 percent in mid-March

25 Mar | Steel News