Republic Building 1-Million-Ton EAF in Ohio
Republic Steel will invest $85.2 million to build a 1-million-ton electric arc furnace at its Lorain, Ohio, facility. The investment is being made to meet growing customer demand for the company’s SBQ steel. The location was chosen for its proximity to customers and its skilled workforce, the company says.
The announcement was made at the site by Republic Steel President and CEO Jaime Vigil, and is subject to finalization and ratification of a new labor agreement with the United Steelworkers. The company estimates the project will add 449 new jobs to the existing 489 jobs at the Lorain facility.
“The additional capacity created by the new furnace will allow us more flexibility and efficiency in delivering the highly engineered products our customers require,” Vigil says.
The new furnace will also enable bloom casting for the production of SBQ bar and the production of seamless tube rounds. Construction of the electric arc furnace is scheduled to begin in 2012 and be complete in mid 2013.