RG Steel Completes Purchase From Severstal

BALTIMORE (AP) — RG Steel LLC says it has completed the stock purchase of plants from Severstal, making it the fourth-largest flat-rolled steel company in the United States.

RG Steel, an affiliate of the Renco Group, on Thursday completed the purchase of plants at Sparrows Point, Md.; Warren, Ohio, and Wheeling, W.Va.

RG Steel said preparations are under way to restart primary operations through the hot strip mill at Sparrows Point.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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