Demolition work is actively underway at the former Georgetown Steel electric arc furnace (EAF) and rolling mill in Georgetown, South Carolina, marking the latest chapter in the storied industrial site’s history. The steelmaking complex, acquired in 2017 by London-based Liberty Steel—part of the GFG Alliance—has remained mostly dormant in recent years amid financial struggles tied to its parent company.

Liberty Steel’s acquisition was initially seen as a lifeline for the historic mill, but operational plans were repeatedly delayed or abandoned. Since then, the GFG Alliance has faced a series of financial challenges, exacerbated by its association with Greensill Capital, which collapsed in 2021. The Georgetown facility was among the assets affected, with Liberty announcing plans to restart the EAF melt shop but ultimately failing to resume production, leading to a protracted legal battle involving lawsuits and countersuits.

As of May, local news outlets report that demolition crews have begun dismantling the mill’s aging structures. According to WBTW-TV, Liberty Steel intends to clear the site for future redevelopment opportunities. Georgetown Mayor Carol Jayroe expressed confidence in the company’s approach. “We are favorably impressed with Liberty’s management plan for the demolition work,” the mayor said, noting that a former mill manager is overseeing operations to ensure a safe and organized process.

Demolition activities are currently occurring five to six days per week, with materials being hauled off-site by rail and truck. Much of the debris is expected to include recyclable steel and other metals, contributing to the recycling supply chain.

The Georgetown Times reported on broader conversations about the city’s industrial sites, linking the steel mill’s closure to the recent shutdown of the nearby International Paper mill. While some officials have supported the idea of building a biomass power plant at the former IP mill, a community survey revealed that about 70% of Georgetown residents favor redeveloping both sites for non-industrial purposes, reflecting a growing desire to diversify the local economy.

Meanwhile, city leaders are already in talks with prospective buyers interested in transforming the steel mill property into a vibrant mixed-use development. WCBD-TV reported that unnamed developers are envisioning a project that could include residential housing, retail shops, restaurants, green spaces, and light industrial facilities.

“Retail, restaurants, housing and light industry—there’s a whole plethora of things that will bring jobs [to] our city,” Mayor Jayroe told the station, expressing optimism about the potential for economic revitalization.

While no formal plans have been finalized, officials are hopeful that the demolition of the steel plant will pave the way for new investment and community growth.

As work continues, residents are watching closely to see how the future of the iconic industrial site will unfold, balancing Georgetown’s historic manufacturing roots with modern economic opportunities.

Originally reported by Brian Taylor in CD Recycler.