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RG Warren’s owner to auction excess assets

Keywords: Tags  BDM Warren, RG Steel, bankruptcy, steelmaking, Michael Bechtold, Chris Prentice

NEW YORK — The new owner of the former RG Steel LLC facility in Warren, Ohio, is in the process of auctioning off excess assets while retaining anything vital to hot-mill functions as it pursues potential operations at the site.

"We have an agreement to auction off any spare and excess assets on the finishing side of the facility—nothing related to the hot side," BDM Warren Steel Holdings LLC general manager Michael Bechtold told AMM.

He said the items being auctioned off primarily include anything related to such operations as the galvanizing and silicon annealing lines, which had been idle for years, citing backhoes and loaders as examples of excess equipment.

The website of Vancouver, British Columbia-based Maynards Industries Ltd., one of the firms handling the auction, has a list of items being offered that includes haulers, annealing furnaces, fabrication shops, welding machines, and slitting and pickling lines.

The auction is scheduled to be held March 12 through 15, according to the Maynards website.

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