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Republic Steel preparing for increased SBQ market demand in US- The 20th China (Guangzhou) Int’l Plate metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
1/23/2019 金属板材展-棒材-线材展 -plate metal expo-wire expo |
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Republic Steel, US’s leading provider of special bar quality (SBQ) steel, says it’s been preparing its plants by investing USD 12 million over the last 18 months to supply increased market demand. The 232 steel tariffs have created additional demand for steel and Republic has the expertise, quality and open capacity to take on this increase in demand. At its Canton facility, Republic has hired 25 new employees this year, is recruiting for 50 additional positions, and has recently invested over $6 million in its melt shop to increase its average production capacity from 40,000 tons per month to 75,000 tons per month.
At its Lackawanna, NY facility, Republic has hired 50 new employees this year, is recruiting for 30 additional positions, and has also recently invested approximately $3 million in its rolling facility to increase its average production capacity from 40,000 tons per month to 60,000 tons per month. More specifically, at this facility, Republic added a fourth crew on the rolling mill and increased its finishing and inspection capacity.
Additionally, Republic anticipates restarting the 9”/10” rolling mill at its Lorain, OH plant in September 2018 followed by the electric arc furnace as orders dictate. The first phase of this would have Republic hire 80 people over the next two months for the rolling mill. This rolling mill has capacity of 35,000 tons per month, which will expand its size range down to 7.5mm and free up additional capacity at Lackawanna.
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