Esmark, Partners in Steel sign SBQ deal

Jun 07, 2013 | 06:04 PM | Catherine Ngai

Tags  Esmark, Partners in Steel, John Foster, James Bouchard, flat-rolled, Yorkville, Ohio Coatings, tinplate SBQ

NEW YORK — Esmark Steel Group LLC, Chicago Heights, Ill., has entered into an agreement with Partners in Steel International LLC to sell its special bar quality (SBQ) assets as the service center effectively exits the steel bar business.

The purchase of the assets, inventory and other equipment at Esmark subsidiary Chicago Steel & Iron Bar was finalized late June 6 for an undisclosed amount, according to Partners in Steel, which said the terms of the deal were in the multi-million-dollar range, a figure that was confirmed by Esmark.....

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