ArcelorMittal closing Georgetown steel mill leaves 226 workers j - WMBFNews.com, Myrtle Beach/Florence SC, Weather

ArcelorMittal closing Georgetown steel mill leaves 226 workers jobless

Image of the Georgetown plant from an ArcelorMittal news release. Source: ArcelorMittal Image of the Georgetown plant from an ArcelorMittal news release. Source: ArcelorMittal
GEORGETOWN, SC (WMBF) - The owner of the steel mill in Georgetown says it is closing the plant, leaving 226 workers without jobs.

ArcelorMittal announced in a news release Thursday that the shutdown will be completed in the third quarter of the year.


The third quarter runs from July 1 - September 30.


Following the announcement of the closure of the steel mill, the Georgetown County Economic Development Department has issued the following statement:

"We are saddened by the news today that ArcelorMittal will be closing its Georgetown plant. We will work with ArcelorMittal and the Department of Employment and Workforce to create a transition plan for impacted employees. Many of these employees have considerable experience and very sought-after skill sets. Even prior to today's announcement, we have been working with a number of our existing industries on expansion plans. These expansions all include additional jobs, and many of the impacted ArcelorMittal employees have the skills and experience to provide an immediate benefit to our other industries. We will make every effort to connect these employees with our industries."

The plant is the company's main producer of wire rod in the United States and the company said it could no longer compete with foreign steel wire imports that it says are being unfairly traded domestically.

The company said imported wire rod now makes up a third of the domestic market.

The Georgetown plant was closed in 2009 during the Great Recession. It was brought back online two years later under a revised labor agreement.

ArcelorMittal is based in Luxembourg and has 220,000 employees in 60 countries.

The Associated Press contributed to the article.

Copyright 2015 WMBF News. All rights reserved.

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