Sparrows Point Maryland
The new owners of the Sparrows Point steel mill outside Baltimore say they have closed the deal and are looking for operators for all or part of the four-square-mile property.
The push is on to deliver relief to nearly 2,000 Marylanders losing their jobs at Sparrows Point. Steel mill owner RG Steel has filed bankruptcy.
A federal judge in Delaware on Wednesday approved the sale of two Ohio facilities owned by bankrupt steelmaker RG Steel LLC.
An attorney for RG Steel LLC says rumors that the struggling steelmaker is going out of business within days are not true.
Maryland labor officials say RG Steel will idle the Sparrows Point steel mill for an undetermined amount of time and lay off its employees.
A spokeswoman for RG Steel says the company is considering selling steel mills in three states, including the Sparrows Point plant outside Baltimore.
Nearly 800 Sparrows Point Steel workers remain out of work as RG Steel has temporarily idled most of their operations.
Union workers at former Severstal North America plants have approved a new contract with RG Steel LLC. United Steelworkers officials announced Thursday that about 57 percent of the union members who voted approved the agreement.
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.