Liberty House Acquires South Carolina Steel Plant
Liberty House completed the purchase of Georgetown steelworks in South Carolina from ArcelorMittal. The 600,000-squre-foot plant, which serves the automotive and construction markets, includes a 540,000-metric-ton/year electric-arc furnace and a 680,000-metric-ton/year rod mill. Liberty House plans to restart melting and rolling operations in spring 2018. The company will initially rehire 125 former employees at Georgetown and eventually build the workforce to 250.
According to Liberty House, the melting and rolling facilities give it a formidable entry to the American market and provide a strong platform for expansion. Under an agreement with the United Steelworkers, the company expects key roles on the furnace, casters and rolling mill to be filled by experienced former employees of the plant. It is also in discussion with Georgetown Council about training programs to prepare a new generation of workers. The facility was shuttered in 2015.