Steel processing plant to open Kentucky facility
FRANKFORT, Ky. (AP) — A steel processing company plans to open a facility in Kentucky that will level and cut steel for customers in the Ohio Valley region, officials said.
Chicago-based Feralloy Corp. will lease a 60,000-square-foot facility on Nucor Steel Gallatin’s campus near Ghent and employ 30 workers, according to a statement from Gov. Andy Beshear, who said he was thankful for the investment during an uncertain time.
“Their confidence in Kentucky’s business sector highlights our advantages for companies making long-term commitments to our communities,” Beshear said. “For the primary metals industry, Kentucky provides a key location nationally, low electricity rates, shipping options including rail, river and highway and an experienced workforce.”
Feralloy will receive steel coils directly from Nucor’s mill, then cut and level them into sheets.
Operations are scheduled to begin in October with one shift of 15 employees and expand soon after.