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The Dripby Mark Reutter10:13 amJan 20, 20120

Making it official: O’Malley to announce that Sparrows Point has restarted

Gov. Martin O’Malley has scheduled a news conference this afternoon to announce that the Sparrows Point steel mill has reopened.

None of this is news for Brew readers, of course, but the governor has been eager to show that he was active in helping RG Steel overcome its liquidity crisis, which led to the shutdown of the mill three days before Christmas and the layoff of more than 600 steelworkers.

Two days ago, The Brew reported that Cerberus Capital Management had injected operating capital into RG Steel, allowing the company to repay creditors and restart the idled “L” blast furnace.

Full operations are expected to resume next week.

Attending today’s event at the International Union of Painters and Allied Trades Hall in Hanover, Md., will be executives of RG Steel and officials from Local 9477 of the United Steelworkers.

Sources tell The Brew that Leo Gerard, international president of the USW, is also expected to attend.

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