Esmark Says 'Cliff' is to Blame for Plant Delay
01/15/2013 - Esmark officials wanted to rekindle this town's steel plant as the Ohio Cold Rolling Co. by spring, but they now blame the "fiscal cliff negotiations" for unexpected delays, the Wheeling News-Register reports.
Esmark officials wanted to rekindle this town's steel plant as the Ohio Cold Rolling Co. by spring, but they now blame the "fiscal cliff negotiations" for unexpected delays, the Wheeling News-Register reports.
"The current steel market conditions and economic uncertainty are two mitigating factors affecting our plans and activities," said company spokesman Bill Keegan. "There were also broader market concerns over the end-of-year fiscal cliff negotiations that forced buyers to delay new orders until there was more clarity for 2013."
"We are committed to restarting the Yorkville facility in an orderly process and, hopefully, in a less volatile steel market..."
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