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.....

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