Founded in the late 1960s, ArcelorMittal - Georgetown manufactures steel wire rod products. The wire rods are used to make low-carbon fine wire drawing, wire ropes, tire cord, high-carbon machinery, and upholstery springs. The ArcelorMittal unit has production capacity of a million tons of liquid steel and three-quarters of a million tons of wire rod annually. The former Georgetown Steel has undergone plenty of changes in this decade. In 2003 it filed for Chapter 11 bankruptcy protection and soon ceased production. The former International Steel Group (ISG) purchased the remains of Georgetown Steel the next year for $18 million. And in 2005 Mittal bought ISG, making Georgetown a part of its US operations.
 

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