Liberty House to buy ArcelorMittal's U.S. Georgetown steel plant

Liberty House to buy ArcelorMittal's U.S. Georgetown steel plant
 

Metals group Liberty House Group has agreed to buy the Georgetown Steelworks plant from Arcelor Mittal (ISPA.AS) in its first major U.S. acquisition, the companies said on Friday.
London-based Liberty will buy the plant based in South Carolina, including its 540,000 tonne a year electric arc furnace and 680,000 tonne a year rod mill, the joint statement said. It did not disclose the cost of deal.
The Georgetown plant was closed in August 2015 and directly employed more than 320 workers.
"Acquiring the plant at Georgetown, with its ability to recycle scrap steel in an arc furnace, gives... read more

 
21 April 2017 in Business, Views: 43
Source: Reuters
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