by Mr Link » January 9, 2019, 4:47 pm
As far as I can tell by Google searches, the plan to reopen one or two blast furnaces at Republic Steel in Lorain to make pig iron never got off the ground. The idea was a joint venture between Republic in Lorain and ERP Iron Ore who had mines in Minnesota and the pellet plant in Reynolds Indiana. But ERP Iron Ore went bankrupt in the spring of 2018, and their assets were auctioned off last October.
A Mexican steel producer, Altos Hornos de Mexico, purchased the pellet plant for $15 million. It cost $350 million to build. They apparently plan to disassemble it and move it to Mexico piece by piece according to this recent headline. (you have to subscribe to read the story)
http://www.newsbug.info/monticello_hera ... 48af2.html
As far as I can tell by Google searches, the plan to reopen one or two blast furnaces at Republic Steel in Lorain to make pig iron never got off the ground. The idea was a joint venture between Republic in Lorain and ERP Iron Ore who had mines in Minnesota and the pellet plant in Reynolds Indiana. But ERP Iron Ore went bankrupt in the spring of 2018, and their assets were auctioned off last October.
A Mexican steel producer, Altos Hornos de Mexico, purchased the pellet plant for $15 million. It cost $350 million to build. They apparently plan to disassemble it and move it to Mexico piece by piece according to this recent headline. (you have to subscribe to read the story)
[u][url]http://www.newsbug.info/monticello_herald_journal/news/local/reynolds-iron-ore-plant-may-move-to-mexico-in-pieces/article_2a111912-7fdb-564d-aaf5-68bc6a848af2.html[/url][/u]