CHICAGO Republic Steel has restarted raw steel production on the No. 7 furnace at its Canton, Ohio, melt shop following an Aug. 2 transformer failure.
The special bar quality (SBQ) products producer is also on track to start cold commissioning later this month on its new electric-arc furnace and other steel refining and casting operations at the Lorain, Ohio, plant, with production expected to ramp up during the fourth quarter.
The $85-million capital project at Lorain will provide more than 1 million tons of liquid steel for the production of bloom and billet cast semifinished, bar and coil products, and will ultimately create nearly 450 full-time jobs over the next several years.
The additional capacity will support increased market demand from both the automotive and energy markets, president and chief executive officer Jaime Vigil said Sept. 18.
The 47-day furnace outage didnt cause any disruption in availability to the spot market, buyers indicated over the past few weeks, as there was finished SBQ inventory in the supply chain.