CANTON - Republic Steel has re-started steel production on a furnace at its Canton melt shop that experienced a transformer failure last month.
The company also announced it is on track to start cold commissioning this month of a new Electric Arc Furnace and other steel refining and casting operations at the Lorain plant. The $85 million capital project will provide more than a million tons of liquid steel for the production of bloom and billet cast semi-finished, bar and coil products. It ultimately will create nearly 450 full time jobs over the next several years, the company said.
"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.
Republic Steel is billed as North America's leading supplier of special bar quality steel, a highly engineered product used in axles, drive trains, suspensions and other components of automobiles, off-highway vehicles and industrial equipment.
The company employs about 2,200 workers.