Keywell suspends its scrap payments

Jul 03, 2013 | 04:50 PM | Daniel Fitzgerald

Tags  Keywell, Mark Lozier, AK Steel, Butler Works, scrap payments, plant closures, Atlanta, Chicago Detroit

NEW YORK — Keywell LLC has hired an investment banker to pursue partners, financing or equity contributions as the company also suspended payments at all of its yards for scrap deliveries received on or before June 26.

The stainless and specialty steel scrap company confirmed to AMM earlier this week that it had temporarily closed processing facilities in Detroit, Atlanta and Chicago due to continued weakness in scrap demand (, July 1). ....

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