RG Steel has filed Chapter 11 bankruptcy and is selling mills at Sparrows Point, MD; Wheeling, WV; and Warren, OH.
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| Economy |
| Fourth Largest US Steel Manufacturer Files Chapter 11 |
| 2012-06-02 |
RG Steel has filed Chapter 11 bankruptcy and is selling mills at Sparrows Point, MD; Wheeling, WV; and Warren, OH. |
| Posted by:crosspatch |
| #4 In a related story this week, the UP of Michigan is enjoying a resurgence in copper and iron mining; both from existing mines and exploration for new deposits. couple that with this story almost makes me think that the raw ore will be sent overseas for processing straight away. |
| Posted by: USN,Ret 2012-06-02 17:32 |
| #3 The benefits alone would drown a fish. It's staggering. Should you find that information I can't understand how they lasted this long. Workers knew how to work the system. Many were bitter and egar to stick it to the company. Even when they needed the help or not. I would get that comment(needed the help or not) at the VA also, those workers just didn't belong there. Shoot, I remember Vets didn't want to go to the VA hospital for fear of not getting out the stay could be so long. I guess people will work any program for whats its worth. Teachers Union also. They learn how to work the system, always!. |
| Posted by: Dale 2012-06-02 08:42 |
| #2 Yet another Romney - Bain Capital failure? |
| Posted by: Besoeker 2012-06-02 04:40 |
| #1 China has increased steel making capacity by 5 times since 2000. As China demand slows, an awful lot of steel is going to be dumped on world markets. |
| Posted by: phil_b 2012-06-02 00:22 |