Republic Steel, the nation's leading provider of special bar quality steel, reported it plans to restart its manufacturing plant in Lorain, Ohio. The project will include restarting its idled electric arc furnace, casters and rolling mills.
According to company officials the company is ready to take action “on short notice as a response to the recently announced steel tariff” on imported steel.
“Republic is prepared to respond quickly to an anticipated uptick in demand across the nation. Republic currently has open capacity at its Canton melt shop and would restart Lorain which would provide more than a million tons of new production capacity to support the SBQ bar & coil and seamless tube round markets."
“This could result in Republic bringing back 1,000+ jobs to its Lorain, Ohio facility. Republic anticipates that it would take a few months to hire and train employees and restart its idled equipment,” officials said.
"Republic is more than prepared to support market demand that has been previously supplied by imports" says Jaime Vigil, President & CEO. He continues "we maintained our Lorain facility while it's been idled waiting for the opportunity to restart and it appears that time is finally here."
Republic's products include hot rolled steel bars, cold finished steel bars, cold heading quality rod and wire and leaded steel bars. With headquarters in Canton, Ohio and steelmaking capabilities in Canton, and Lorain, Ohio, the company also operates value-added rolling and finishing facilities in Canton, Lorain, Massillon, and Solon Ohio; and Lackawanna, New York; Republic employs approximately 850 people.