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Tag Archives: steel

Steelmaking at The Point: What went wrong

Barring a last-minute infusion of cash by bankers or owner Ira Rennert – or an improbable sale to a new company – RG Steel LLC and its flagship plant, Sparrows Point, seem fated for a sad ending. I make this ...

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RG Steel eyeing asset sales, spokeswoman confirms

A spokeswoman for RG Steel says the company is considering selling steel mills in three states, including the Sparrows Point plant outside Baltimore. RG Steel spokeswoman Bette Kovach on Monday confirmed reports that potential buyers have expressed interest in acquiring ...

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Factory orders fell in March by most in 3 years

WASHINGTON — Demand for U.S. factory goods dropped in March by the most in three years, driven lower by a sharp fall in volatile orders for commercial aircraft. Still, more recent data suggest the decline may be temporary. The Commerce ...

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Steel from twin towers makes Hagerstown memorial

HAGERSTOWN — A piece of the World Trade Center is becoming the centerpiece of a Sept. 11 memorial in Hagerstown. City and Washington County officials plan a dedication ceremony Tuesday evening at City Park. A local committee acquired the 727-pound ...

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Businesses boosted durable-goods orders in March

WASHINGTON — Businesses increased their orders for heavy machinery, computers, autos and steel in March, boosting demand for long-lasting manufactured goods for a third straight month. Orders for durable goods rose 2.5 percent in March, the Commerce Department said Wednesday. ...

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Sparrows Point sale closes

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 ...

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