Republic Steel announced that it is positioned to restart its Lorain, Ohio, facility, including its idled electric-arc furnace, casters and rolling mills, on short notice as a response to the recently announced steel tariff. Republic currently has open capacity at its Canton melt shop and would restart Lorain, which would provide more than 1 million tons of new production capacity to support the SBQ bar and coil and seamless tube round markets. This could result in the company bringing back over 1,000 jobs to its Lorain facility.
Republic, North America's leading supplier of special-bar-quality (SBQ) steel, anticipates that it would take a few months to hire and train employees and restart its idled equipment.
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