Sunday, July 22, 2007

Russian Steel Company Looks at Ohio Investment

The Russian steel company that has been negotiating with the state to build a steel mill is considering a location in Scioto County near the Sun Coke plant, The Ironton Tribune has learned.

A source close to the situation, who spoke on the condition of anonymity, said the company — Magnitogorsk Iron and Steel Works — is considering a roughly $2 billion investment in Haverhill that would include a mill that would produce automobile body sheets and employ between 1,000 and 1,400 workers.

Not a done deal yet. Other locations are also being considered.

Read more here.

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