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Liberty House reached an agreement in principle with ArcelorMittal to purchase Georgetown Steelworks in South Carolina, including a 600,000-ton/year electric arc furnace and 750,000-ton/year rod mill. The deal is subject to final terms and due diligence.
“This is a landmark day for Georgetown and its residents, particularly families with a previous stake in the steel industry who will now get a chance to rediscover what was lost.”libertysteelgroup.com
Summarized from public sources; check the original articles before acting on it.