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There is hope for a revival at Keokuk Steel Castings, the Iowa foundry that closed officially in March after almost 80 years of operation. The plant's former owners, Matrix Metals LLC, announced the closing late last year, citing the decline in demand for castings required by oil-and-gas exploration and drilling operations.
Now, according to various reports, The Mills Group of Earlville, IA, agreed to buy the idle operation from Matrix...