Liberty House, ArcelorMittal reach agreement on steel plant pickup
April 24, 2017
Iron and Steel Mining | Luxembourg City, Luxembourg
London-based industrial and metals group Liberty House has agreed in principle with ArcelorMittal (NYSE: MT) to purchase the steel giant's Georgetown Steelworks in South Carolina, which consists of an electric arc furnace and a rod mill. If the deal's completed, Liberty will reopen the plant, which was closed in 2015 after some 47 years in operation.