Keywell shuts Calif. processing plant

Aug 06, 2013 | 01:38 PM | Daniel Fitzgerald

Tags  Keywell, Carson plant, plant closure, Mark Lozier, stainless scrap, scrap demand, scrap payments, AK Steel Daniel Fitzgerald

NEW YORK — Keywell LLC has closed another stainless scrap processing facility as it continues to search for an investor or buyer of the company.

Keywell this week "finalized the process of temporarily closing our Carson, Calif., operation," president and chief executive officer Mark Lozier said in a letter to suppliers dated Aug. 5.

Payments for materials and services received prior to June 26 continue to be suspended, while those for all scrap materials and services after June 25 "have been made according to terms," he said.....

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