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.”