Liberty Steel to invest $25 million in EAF at Georgetown mill
LONDON (Scrap Register): Liberty Steel USA, part of Sanjeev Gupta’s global London-based GFG Alliance, plans to invest up to $25 million to install a modern electric arc furnace (EAF) at its Georgetown, South Carolina, mill and extensively improve the infrastructure of the mill’s melt shop.
The major capital investment in its liquid steel production facilities at Georgetown will boost output substantially and secure the long-term future of the mill, the company said in a news release.
Liberty has already invested significant sums to increase the versatility of its rolling mill at Georgetown, in order to serve key markets for wire rod in the south eastern United States.
“We have a very efficient rolling mill at Georgetown and we now want to put a world-class melt shop behind it so we can achieve our goal to become the leading supplier of wire rod to the region and secure the long-term future of the site,” said Michael Setterdahl, CEO of Liberty Steel USA.
He explained that the capability of the ageing liquid steel producing plant at Georgetown was running significantly behind the capabilities of the more modern rolling mill, so a major upgrade is needed to ensure the melt shop can make billets competitively for the rolling mill to achieve its potential.
The company aims to increase wire rod output from the site to more than 400,000 tons per year to serve customers across the region in sectors, including automotive and construction product manufacture, but in order to do so it needs to upgrade the melt shop to supply competitive high-quality billets, the company said.