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Republic Steel prepared to reopen in Lorain, OH

Summary:
More winning... sorry non-material oriented people: According to the release, the Canton-based company is ready to respond quickly to an increased demand across the country. It said by restarting the Lorain plant, in addition to its open capacity at its Canton melt shop, it would provide more than 1 million tons of new production back into the market.  “This could result in Republic bringing back 1,000+ jobs to its Lorain, OH facility,” the release said.  “Republic anticipates that it would take a few months to hire and train employees and restart its idled equipment.”  Republic Steel President and CEO Jaime Vigil said the facility had been maintained since it was idled at the beginning of 2016 in anticipation that it could be restarted, and “it appears that time is finally

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More winning... sorry non-material oriented people:

According to the release, the Canton-based company is ready to respond quickly to an increased demand across the country. It said by restarting the Lorain plant, in addition to its open capacity at its Canton melt shop, it would provide more than 1 million tons of new production back into the market. 
“This could result in Republic bringing back 1,000+ jobs to its Lorain, OH facility,” the release said. 
“Republic anticipates that it would take a few months to hire and train employees and restart its idled equipment.” 
Republic Steel President and CEO Jaime Vigil said the facility had been maintained since it was idled at the beginning of 2016 in anticipation that it could be restarted, and “it appears that time is finally here.”

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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