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Possible RG Steel buyers appear unlikely

June 20, 2012
Special to the Tribune Chronicle (news@tribtoday.com) , Tribune Chronicle | TribToday.com

In objections filed with the federal bankruptcy court in Wilmington, Del., in connection to the recently filed motion for the Chapter 11 filing for protection from creditors by RG Steel, there are no indicators that a major purchaser - or even a minor one - are interested in bidding on the fragile company as a whole, or even in its individual parts, including its 1,200-worker Warren mill.

 
 

 

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