Aug 4 2004
International Steel Group Inc. announced today that its ISG Georgetown Inc. subsidiary has begun producing wire rod at its facility in Georgetown, South Carolina.
ISG acquired the facility in June 2004 from the Georgetown Steel Company. The plant has annual steelmaking capacity of 1 million tons and rolling capacity of 800,000 tons, along with the capacity to produce 500,000 tons annually of Direct Reduced Iron (DRI), a scrap substitute. The facility had been idle since Georgetown Steel filed for Chapter 11 bankruptcy in October 2003.
“We made a commitment to the employees and the community of Georgetown to resume operations at the facility, and thanks to the support and hard work of everyone involved, we have done so,” said Rodney B. Mott, ISG’s President and Chief Executive Officer.
The Georgetown plant will produce high-quality wire rod products, which are used to make low-carbon fine wire drawing, wire rope, tire cord, high-carbon machinery, and upholstery springs.
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