Nucor is one of three companies to file bidding papers for the Sparrows Point steel mill in Maryland owned by the now-bankrupt RG Steel, LLC, according to online sources.
The website baltimorebrew.com is reporting that the other two companies include a Brazilian steelmaker and a hedge fund, Optima Fund Management, that is associated with a Ukrainian mining group.
Each of the parties have expressed an interest in restarting the Sparrows Point operation.
Bids were also placed on other RG Steel properties, including the West Virginia-based Wheeling Corrugating. Reports in June noted that Wheeling’s former owner, Esmark Inc., was one of those companies that placed a bid.
baltimorebrew.com is also reporting that the final auction of the properties will take place on August 21.
Read the entire baltimorebrew.com article…
Related story: “Esmark makes bid on Wheeling”…
