GEORGETOWN, S.C. (AP) - 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 plant is the company’s main producer of wire rod in the United States and the company said it could no longer complete 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.
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