Hundreds of jobs are about to return within the local steel industry.
U.S Steel has announced that it has sold a pair of idle Hamilton mills to Germany's Max Aicher, which will restore them as state-of-the-art manufacturing operations and return them to full production.
Mayor Eisenberger says the city's economic development department has played a major role in the announcement, which has been in the works for some time.
He predicts that about 350 jobs will return to a sector that is "on its way back from a significant decline".
U. S. Steel says the sale, which involves its Number 1 Bar Mill and the Number 3 Bloom and Billet Mill and is still subject to regulatory approval, will allow it to focus on "core operations" and strengthen its position as a leading producer of value-added flat-roll products.
View Printer Friendly Version
Email Article to Friend
Reader Comments