Colorado mill looks for assurances on $500 million expansion
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December 10, 2017
PUEBLO, Colo. (AP) — A Chicago-based steel company is seeking assurances of low electricity prices before it commits to a $500 million upgrade at a Colorado mill that would add 200 jobs.
The Pueblo Chieftain reports that state and utility officials say without the guarantee, EVRAZ North America could pick another state for the project and eventually close its mill in Pueblo.
The Pueblo mill is the largest Colorado customer for utility Xcel Energy. The Colorado Economic Development Commission has pledged up to $17.3 million toward the mill expansion.
The EVRAZ mill was located near Xcel's Coman...
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