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Keyword: gfgindustrials

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  • South Carolina Steel Plant Reopened By UK Industrialist, Avoiding Tariffs

    06/26/2018 3:32:38 PM PDT · by Enlightened1 · 32 replies
    Fox Business via Twitter ^ | 06/25/18 | Thomas Barrabi
    British industrialist Sanjeev Gupta’s GFG Industrials on Monday reopened a shuttered South Carolina steel plant in a move that will allow his U.K.-based firm to circumvent the Trump administration’s 25% tariffs on steel imports. Liberty Steel, a London-based company owned by Gupta’s group, held a relaunch ceremony at Georgetown Steel Mill on Monday. The mill originally closed in 2015 and was acquired by Liberty House in 2017, the Myrtle Beach Sun News reported. Liberty Steel said the facility would employ about 125 workers at launch and more than 300 workers in the “medium term,” according to a press release. GFG...