Mill sale said ‘death knell’ for Sparrows Point
Dec 13, 2012 | 03:55 PM
| Chris Prentice
Tags
RG Steel,
Sparrows Point,
Nucor,
John Ferriola,
Joe Rosel,
USW,
United Steelworkers,
9477
Charles Bradford
NEW YORK — The sale of portions of the cold mill at the former RG Steel LLC Sparrows Point, Md., complex could signal the end of steelmaking at the site forever, market sources say, noting that few buyers will be interested in the integrated site with the state-of-the-art cold mill no longer part of the package.
Late Wednesday, Nucor Corp. president and chief operating officer John Ferriola told AMM the Charlotte, N.C.-based steelmaker had acquired portions of the Sparrows Point cold mill to use for upgrades and spare parts at its existing mills but had not purchased the full complex or any land (amm.com, Dec. 12).
"For Nucor, it’s a great investment, and that’s that," one East Coast distributor said of the deal. ....
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