Business Briefs: Steel producers to reopen plant

Business Briefs: Steel producers to reopen plant

January 3rd, 2014 by Associated Press and Staff Report in Business Around the Region

Steel producers to reopen plant

ArcelorMittal, one of the world's biggest steel and mining companies, announced Thursday it will reopen its facility in Harriman, Tenn., which closed in 2011 due to poor market conditions. The steel manufacturer expects to resume production by April and will hire 61 new employees over the next two years in Roane County.

PS Venkataramanan, chief executive officer for ArcelorMittal Long Carbon North America, said the company will ship billets from its sister facility in LaPlace, La.,to the Harriman facility where they will be reheated and rolled into light structural shapes and merchant bars for the construction market.

TVA transformer closes highway

A specialized transporter carrying a 500,000-pound power transformer to the Tennessee Valley Authority's Raccoon Mountain Pumped Storage Facility will briefly close Interstate 24 west of downtown on Sunday morning.

Because the transporter is too large to go under the interstate overpass, I-24 at exit 174 will be closed for approximately 10 minutes so the equipment can travel up the on-ramp, across the highway median and then back down the off-ramp on its path to the TVA facility. The Raccoon Mountain facility, which stores water in a mountaintop reservoir to help generate power during peak demand periods, has been out of service for the past three years after design problems and rotor cracks were discovered at a similar plant in Vorarlberg, Austria.