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SOURCE Republic Steel
CANTON, Ohio, Sept. 18, 2013 /PRNewswire/ -- Republic Steel, the nation's leading provider of special bar quality (SBQ) steel, today announced that it has re-started steel production on the #7 Furnace at its Canton, Ohio, melt shop that experienced a transformer failure on August 2, 2013.
The company is also on track to start cold commissioning later this month of its new Electric Arc Furnace and other steel refining and casting operations at the Lorain, Ohio, plant with production expected to ramp up during the 4th Quarter of 2013. This $85 million capital project will provide more than 1 million tons of liquid steel for the production of bloom and billet cast semi-finished, bar and coil products, and will ultimately create nearly 450 full time jobs over the next several years.
"We look forward to the additional steel production from our Canton and Lorain plants in order to support increased market demand from both the automotive and energy markets," stated Jaime Vigil, President and CEO.
About Republic Steel
Republic Steel is North America's leading supplier of special bar quality (SBQ) steel, a highly engineered product used in axles, drive trains, suspensions and other critical components of automobiles, off-highway vehicles, and industrial equipment. Republic's products include hot-rolled steel bars, cold-finished steel bars, and bottom-poured ingots. With headquarters in Canton, Ohio, and steelmaking capabilities in Canton and Lorain, Ohio, the company operates value-added rolling and finishing facilities in Canton, Lorain, and Massillon, Ohio; Lackawanna, N.Y.; Gary, Ind.; and Hamilton, Ontario. Republic employs approximately 2,200 people.
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