Grupo Simec to Idle Steelmaking Operations Indefinitely at Its Republic Steel Mills in Canton, Ohio and Lackawanna, N.Y.
- None.
- None.
Consolidation of production to Grupo Simec's state-of-the-art
During the idling, Republic Steel's
According to Jaime Vigil, Republic Steel board member and executive advisor, Grupo Simec exhausted every additional potential option besides idling these two operations.
"We're facing an extremely challenging SBQ market in the
Vigil said there was hope that inflationary pressures would ease, and that Republic Steel would experience a bump in business following the passages of the Infrastructure Bill in 2021 and the Inflation Reduction Act in 2022. Unfortunately, neither came to fruition in a timely manner.
Grupo Simec and Republic Steel are the only producers of leaded steel in
Although Republic Steel has, for the past two years, remained in strict compliance with the National Ambient Air Quality Standards for the production of leaded steel, ensuring future environmental compliance while producing steel in facilities that are up to 125 years old proved to be too challenging. As a result, Grupo Simec felt it would be most environmentally responsible to do so at its new, state-of-the-art mill in
"One of our core values at both Grupo Simec and Republic Steel is to always be environmentally responsible," said Vigil. "As the only producers of leaded steel in
"This isn't an easy decision," said Vigil. "But we feel it's the only way for us to continue to serve our
Vigil recognized Republic Steel employees for their tremendous efforts.
"Republic Steel employees are hard-working and dedicated," Vigil said. "Their roots date back to the late 1800s. They're an important reason this company has been a leader in this industry for so long. And we thank them for their important contributions."
Republic Steel was acquired by Grupo Simec in 2005. Simec is one of the largest producers of SBQ in
Headquartered in
For additional information, contact:
Ross Seibert
330-438-5470
RSeibert@RepublicSteel.com
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SOURCE Grupo Simec, S.A.B. de C.V.
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