Coalton to reopen its melt shop at KES

Coalton to reopen its melt shop at KES

Recent market news reports that, Coalton steel mill is planning to reopen its melt shop at Kentucky Electric Steel (KES). A company official stated that the melt-shop at Kentucky will soon start operating, which will create job opportunity for the region. With the opening of the melt shop, the company will be able to produce its own billets. As previously reported by SteelOrbis, KES filed for bankruptcy in February 2003 and court approved the sales of KES' assets and Coalton mill to KES Acquisitions LLC for $2.65 million.