Nucor buys part of former RG Steel cold mill

Dec 12, 2012 | 05:47 PM | Chris Prentice

Tags  RG Steel, Sparrows Point, Hilco, Hilco Trading, Environmental Liability Transfer, Maryland, United Steelworkers, USW bankruptcy

NEW YORK — Nucor Corp. has purchased parts of the former RG Steel LLC cold mill complex in Sparrows Point, Md., and intends to use the equipment for upgrades and replacement parts at its existing cold mills, a company executive told AMM.

"We acquired pieces of equipment to enhance existing operations at our four cold mills," Nucor president and chief operating officer John Ferriola said.

The Charlotte, N.C.-based steelmaker had purchased parts of the facility—including the pickler, tandem mill and parts of the annealing furnaces—to be used as spare equipment, but didn’t purchase the land or the complex itself, Ferriola told AMM late Wednesday.....

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