Industry halts arbitration process

Special to The Freeman

Sept. 24, 2014

OAK CREEK – SteelWind Industries has avoided arbitration with Mumbai - based Essar Steel.

In April of 2014, SteelWind Industries, fabricator of the Miller Park Retractable Roof, initiated the arbitration claim against Essar Steel.

The claim stated that Essar allegedly owed an outstanding balance of $425,000 for materials on an $800,000 project in Northern Minnesota after it was halted due to financial woes.

After initiating the arbitration process, the Mumbai-based Essar steel made payment in full to SteelWind Industries.

Jason Geiger, SteelWind vice president of operations, said he hopes other companies that are owed funds related to this project experience a similar outcome.

I am glad we could get this matter resolved with Essar and collect the money owed to us,” said Geiger. “Although they could have handled the matter much differently from the beginning, the important part is that it is resolved moving forward.”