Gadsden City Council approves deal for new site at steel mill
Magneco/Metrel, a refractory manufacturer, will be investing more than $5 million to refurbish the steel mill site. The company will create 30 new jobs in Gadsden to start, and those jobs will pay an average of $25 per hour.
The project expands upon efforts to revitalize the industrial sites in the Alabama City area of Gadsden.
“This was truly a collaborative effort on behalf of the City of Gadsden, the IDA and the owner of the property,” said David Hooks, director of the Gadsden-Etowah Industrial Development Authority. “And a special thanks goes to Spire Gas and Alabama Power for their work on this project. Without the combined efforts of all involved this project would have never materialized.”
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