Warren Steel lands lower power rate

Jul 23, 2014 | 07:08 PM | Michael Cowden

Tags  Warren Steel Holdings, John Scheel, plant restart, Public Utilities Commission of Ohio, PUCO, Optima Specialty Steel, Optima Acquisitions, U.S. Steel electricity rate

CHICAGO — Warren Steel Holdings LLC has received approval from Ohio regulators for a lower power rate and is gearing up to restart operations Aug. 1, it said.

The discounted electric rate is on par with those already received by electric-arc furnace producers in Ohio and other states, the Warren, Ohio-based steelmaker said July 23.

A reduced rate also will allow Warren Steel to compete with out-of-state steel producers and make partnerships with other Ohio steel companies, the steelmaker said.....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results