NMLK Steel will become the first tenant at the Holt terminal in Paulsboro, N.J.
NLMK Group has agreed to become the first tenant at the new terminal being developed at the Port of Paulsboro, N.J., by Holt Logistics Corp. and the South Jersey Port Corporation.
Bob
Miller, president of NLMK USA, said the facility will give the company access to a deep-water port for large supply ships
and the availability of ample space upon the river to grow.
Russia’s NLMK Group touts itself as Russia’s largest steel company, with sales of $10.9 billion and steel output of 15.4 million tons last year. In the U.S., it has facilities in both Pennsylvania and Indiana.
The company’s U.S. division was created in 2011 as a result of the NLMK’s acquisition of the rolling business of Steel Invest and Finance, formerly a joint venture between NLMK and Duferco Group. NLMK USA has mills in Pennsylvania and Indiana, and manufactures slabs, and hot-rolled, cold-rolled and galvanized products.
“Our company is one of the leading
suppliers of steel products in the U.S., and the supply chain for our
fundamental raw material, steel slabs, is a critical link in the success
of our business plan,” said Miller.
The agreement was announced earlier this week at a press conference in which New Jersey legislators and Holt executives participated.
N.J. Senate President Steve Sweeney congratulated Holt Logistics on the first lease for the terminal saying he was confident “this is only the beginning of what will be a very busy, productive and prosperous port in our region.”
Senator Donald Norcross said the NLMK’s use of the terminal is expected to create about 100 permanent jobs at the port.
Steel company will use new terminal on Delaware River
