Liberty House Acquires Georgetown Steel and Plans U.S. Production Restart
ArcelorMittal has completed the sale of Georgetown Steel to Liberty House, which plans to restart production and re-enter the U.S. wire rod market. This Liberty House Georgetown Steel acquisition signals renewed investment in American steel manufacturing.
Liberty House Georgetown Steel Acquisition Drives Restart Plans
To begin with, Liberty House (https://www.libertysteelgroup.com), part of the GFG Alliance (https://www.gfgalliance.com), will reopen the South Carolina mill and resume operations this spring.
The company plans to rehire 125 former employees initially. Over time, it will expand the workforce to 250 workers, supporting local job growth.
Expanding U.S. Steel Market Presence
In addition, Liberty House aims to capture a larger share of the U.S. wire rod market, where demand continues to grow. This acquisition represents the first step in a broader strategy to expand across North America.
Furthermore, the company is actively exploring additional acquisitions and new greenfield projects to strengthen its footprint in the region.
Reviving a Historic Steel Facility
Georgetown Steel has a long industrial history dating back to 1969. Over the years, the plant has changed ownership multiple times and experienced several closures.
Now, Liberty House plans to bring the 600,000-square-foot facility back online. The mill has a production capacity of 680,000 metric tons of wire rod and will serve key sectors such as construction and automotive.
Sustainable Steel Production Strategy
At the same time, Liberty House will apply its GREENSTEEL strategy, which focuses on sustainable and energy-efficient production methods. The company has already implemented this approach in the U.K. and Australia.
As a result, the Georgetown facility will combine traditional steelmaking with modern sustainability practices.
Strong Industry and Community Support
Moreover, the project has received support from local government, labor unions, and community leaders, which helped finalize the deal.
Liberty House leadership emphasized its commitment to restoring operations quickly and rebuilding the regional supply chain.
Meanwhile, ArcelorMittal (https://corporate.arcelormittal.com) expressed confidence that the transition will benefit both the industry and the Georgetown community.
