U.S. Forged Rings, a new company that plans to make steel piping and components for industrial customers, has short-listed properties in North Carolina for a project that could create hundreds of high-paying jobs in the state. It could be part of a much bigger industrial expansion in eastern North Carolina.

USFR announced plans early last year to invest $700 million in East Coast production facilities, including a fabrication and forging plants to serve customers in wind energy, nuclear energy, construction, shipping, mining and other heavy industries. The company also is gearing up to make components for oil-and-gas applications and tubular products for the defense and aerospace sectors.

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Those plans have since grown, USFR President Giacomo Sozzi told WRAL in an i

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