Steel Products
July 12, 2017
Acquisition of ArcelorMittal Georgetown Facility Delayed
Written by Sandy Williams
ArcelorMittal’s Georgetown steel mill may see new life under prospective owner Liberty House Group. A tentative deal has been reached with UK-based Liberty House to purchase the shuttered wire rod facility, but a completed purchase agreement has not been signed.
ArcelorMittal is working to reach a successful conclusion to the sale of the Georgetown facility, said an ArcelorMittal spokesperson, but the closing is on hold while Liberty seeks tax and other economic concessions from state officials.
