Archive for December 11th, 2007
Russian company agrees to buy Claymont Steel for $564.8 million
The hulking steel plant tucked in the northeastern corner of the state never has been much to look at. Monday, it started looking a whole lot better to some people.
In fact, Claymont Steel has become alluring enough to attract a suitor all the way from Russia.
If all goes as expected, the 87-year-old mill will be [...]
Posted: December 11th, 2007 under Steel News.
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Steel Mill Sale Faces Midnight Deadline
The owner and prospective buyer of the Sparrows Point steel mill worked Monday to meet a self-imposed midnight deadline for eliminating hurdles to the sale of the plant near Baltimore, parties involved in the transaction said.
Failure to finalize the deal would not result in an immediate change in the mill’s operations, but court-appointed trustee Joseph [...]
Posted: December 11th, 2007 under Steel News.
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