Defunct Detroit-area steel factory gets a new life

A long-abandoned steel factory in Gibraltar, Michigan is about to get a new life thanks to a $53 million investment.

The former McLouth Steel Corp. plant in Gibraltar is set to reopen after the Wayne County Commission on Thursday unanimously approved a brownfield plan for the 42.5-acre property.

Ferrous Cal Co., a subsidiary of Cleveland-based metal processor Ferragon Corp., acquired the 600,000-square-foot plant and property in February from Steel Rolling Holdings Inc. [photo credit: CoStar]

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