Decisions coming soon on steel mill, smelter in New Madrid

An India-based company could decide by year’s end whether to establish a steel mill in the Missouri Bootheel, a state lawmaker said Thursday.

State Rep. Don Rone, R-Portageville, said a New Madrid site along Interstate 55 is in the running for a mill that would provide about 165 jobs.

In addition, a Swiss company could determine by January whether it will reopen the former Noranda aluminum smelter, providing about 300 jobs, he said.

Such facilities were cited as the goal when Gov. Eric Greitens called a special session of the Missouri Legislature in May. The special session produced a bill to allow utility regulators to approve lower electricity rates for industrial companies using large amounts of energy. Greitens signed the bill into law in June.

Sumangala Steel is studying at least three possible sites for its mill, including New Madrid, Rone said. The others are in Mississippi and Tennessee.

Federal and state agencies have promised funding to construct the port facility if the mill is built in New Madrid, city administrator Richard McGill said.

Read more: Southeast Missourian

Tags:, , , , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students

Learn more