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Posts Tagged ‘IPS Steel’

State Senator Rezin is optimistic about former Hennepin steel mill

Posted by wlpo on February 11, 2015

Left-behind tools and machinery are being cleared out of the former Hennepin steel plant. IPS Steel bought the property from ArcellorMittal in November with plans to clean up the property and make it marketable to interested companies.

It’s a strategy State Senator Sue Rezin supports. She says the mill was a huge asset before it closed and says that you can look forward to this site becoming an economic and jobs engine again.

Kishan Sutariya of IPS Steel says inefficient buildings on the site are being torn down with their cement pads left in place for possible new buildings. He wants to see multiple businesses using the site.

The property is close to Interstate 180, the Illinois River and a rail line.

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Items from former Hennepin steel mill being sold at auction

Posted by wlpo on February 10, 2015

An online auction is underway to sell off what remains inside the former ArcellorMittal steel plant in Hennepin.

Items up for bid include overhead cranes, refurbished motors, and many hand tools and toolboxes. A preview day was Monday. The auction opened Tuesday morning and continues through 10am Thursday. The auction is through Heritage Global Partners.

ArcellorMittal closed the plant in March 2009. The building was sold to IPS Steel last November.

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Optimism following the sale of former steel plant

Posted by wlpo on November 17, 2014

Hundreds of people use to drive to Hennepin to work at the steel mill. The shuttered plant was sold to IPS Steel Thursday.

A spokesperson for ArcelorMittal says the company is pleased that this sale will turn the property back to productive use and ultimately create new jobs.

The plant closed in March 2009. Over the years the machinery has been removed from the building.

Putnam County Board Chairman Duane Calbow says he’s optimistic, but he doesn’t want to make assumptions about how the building will be used.

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