Republic Steel Enters Supply Agreement with U. S. Steel
04/29/2013 - Grupo Simec's subsidiary Republic Steel has entered into a 5 year supply agreement with United States Steel Corporation, to provide tube rounds to the U.S. Steel Tubular Products Division.
Grupo Simec S.A.B. de C.V. announced that its subsidiary Republic Steel has entered into a five year supply agreement with United States Steel Corporation, to provide tube rounds to the U.S. Steel Tubular Products Division.
Republic is committed to supply an annual minimum of 225,000 tons, but could be as much as 450,000 tons, starting in January 2014. The steel will be produced in the new electric arc furnace being installed at its Lorain, Ohio, plant which will have an annual capacity of 1.2 million tons per year, and will start operations in the second half of 2013.
