Warren Steel aims for Aug. 1 restart

Jul 07, 2014 | 01:13 PM | Michael Cowden

Tags  Warren Steel Holdings, Optima Specialty Steel, Michael Salamon, Optima Acquisitions, Public Utilities Commission of Ohio, PUCO, power rate case. oil country tubular goods, OCTG seamless OCTG

CHICAGO — Warren Steel Holdings LLC’s wants to restart steelmaking by Aug. 1, a target date the company would need to start preparing to hit by mid-July, a company executive said.

"We have to get scrap in. We have to get consumables in place as quickly as possible," Michael Salamon, president and chief operating officer of Optima Specialty Steel Inc. told the Public Utilities Commission of Ohio (PUCO).

Optima Specialty Steel is a subsidiary of Miami-based Optima Acquisitions LLC, which also is the parent company of Warren Steel. Warren, Ohio-based Warren Steel is seeking a lower power rate on an expedited basis from PUCO (amm.com, June 10). It would take about 15 days from the moment Warren Steel said "go" to re-energize gas lines, make sure electrical systems are functioning and to turn on the mill’s furnace, Salamon told PUCO officials, according to a transcript of a July 3 hearing.....





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