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Economy and Business


Warren Steel to reopen, add hundreds of jobs
Shuttered steel plant reaches deal with PUCO for reduced electricity rates in exchange for $33 million in improvements
by WKSU's JEFF ST. CLAIR
and TIM RUDELL


Reporter / Host
Jeff St. Clair
 
Warren Steel is scheduled to reopen Aug. 1 after a four month shutdown. The company worked out a discount electricity rate with the PUCO in exchange for substantial investments to the plant.
Courtesy of Warren Steel
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In The Region:

A deal reached this week with state utility regulators will breathe new life into a shuttered northeast Ohio steel mill. 

Trumbull County’s Warren Steel complained to the Public Utilities Commission of Ohio that it could not maintain operations due to high electricity costs.  The plant closed in March. 

Niles Congressman Tim Ryan says the deal approved Wednesday by the PUCO will cut power rates by a third if the company makes substantial improvements to the facility.

Ryan on Warren Steel jobs

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"It's going to mean a couple of hundred jobs--maybe up to 400 jobs," according to Ryan.  

"So, it's a huge thing for Trumbull County; and show that if we have sound public policy decisions that can be made we can increase manufacturing here in the United States, and in Trumbull County," says Ryan. 

The deal requires Warren Steel to make $33 million worth of capital improvements over a six year period.

The plant is scheduled to reopen on August 1.

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