New steel-processing operation still slated for October

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.

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