Liquidator reportedly high bidder for Sparrows Point mill
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Sparrows Point sale closes
BY: Ben Mook RG Steel LLC, an affiliate of The Renco Group Inc., said Thursday it had closed its $1.2 billion deal to buy three steel plants, including the former Bethlehem steel plant at Sparrows Point, from OAO Severstal. In addition to Sparrows Point, RG Steel purchased integrated steel plants at Warren, Ohio, and Wheeling, W. Va. The [...] |
OAO Severstal sells Sparrows Point steel mill
BY: Ben Mook The Sparrows Point steel mill is getting a new owner and possibly a new lease on life under a deal announced Wednesday. The Baltimore County plant, which has been largely idle since the summer, and two other properties owned by OAO Severstal were acquired by the Renco Group Inc. for $1.2 billion. The Russian steel [...] |



