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  • Steelworkers hire law firm that represented RG Steel in contract termination

    Steelworkers hire law firm that represented RG Steel in contract termination

    Who to go to for advice while negotiating an important contract with a large steel company? For the United Steelworkers (USW) that would be the same law firm that helped negotiate the termination of benefits and pensions for 4,000 USW workers at Sparrows Point and other RG Steel mills. The Brew has discovered that the […]

  • Shaunna Jones Stacy London

    RG Steel’s bankruptcy yields a feast of billable hours

    At least one party in a bankruptcy benefits – the lawyers who operate in the opaque world of Chapter 11 cases. The bankrupt owner of Sparrows Point is being billed up to $1,090 an hour by its lawyers – or more than $1.3 million in the first month of bankruptcy, we noticed while trolling through court records.

  • Judge rubber-stamped bonuses for RG Steel execs

    Judge rubber-stamped bonuses for RG Steel execs

    Here’s a judge who doesn’t waste time penning his own decisions. Last night’s three-page order by U.S. Bankruptcy Judge Kevin J. Carey – authorizing up to $20 million in bonuses to 10 executives of RG Steel, owner of Sparrows Point – was drafted and submitted to the judge by the bankrupt company’s lawyers. All Judge […]

  • john goodwin

    Judge clears way for up to $20M in bonuses for executives at bankrupt RG Steel

    The owner of Sparrows Point won approval to award up to $20 million in bonuses to 10 top managers responsible for selling or disposing the company. Since its Chapter 11 filing in May, the company has laid off more than 3,000 workers in Maryland, Ohio and West Virginia.

  • Creditors amp-up opposition to RG Steel executive bonuses

    Creditors amp-up opposition to RG Steel executive bonuses

    The Official Committee of Unsecured Creditors has come out against $20 million in proposed bonuses to executives at bankrupt RG Steel, owner of the Sparrows Point steel mill. The committee, which includes suppliers, the United Steelworkers union and Pension Benefit Guarantee Corp., said the plan to pay the bonuses to 10 senior managers as an […]

  • Ruppersberger joins in bashing bonuses for RG Steel execs

    Ruppersberger joins in bashing bonuses for RG Steel execs

    U.S. Rep. C.A. “Dutch” Ruppersberger has added his voice in denouncing a proposal by the bankrupt owner of the Sparrows Point steel mill to pay $20 million in bonuses to key managers. “The fact that RG Steel executives have requested bonuses worth up to $2 million each while the company is laying off thousands of […]

  • Reutter to discuss RG Steel today on WYPR

    Reutter to discuss RG Steel today on WYPR

    With Sparrows Point’s owner RG Steel filing for bankruptcy yesterday, The Brew’s Mark Reutter will be going on WYPR’s Maryland Morning with Sheilah Kast (88.1 FM) today at 9 a.m. to discuss the steel plant. A former Baltimore Sun reporter, Reutter has been covering the steel plant for 35 years, most recently at The Brew. […]

  • RG Steel files for Chapter 11 protection

    RG Steel files for Chapter 11 protection

    Sparrows Point’s owner, RG Steel, filed for Chapter 11 bankruptcy today in Delaware, the news service Reuters is reporting, following the company’s announcement a week ago that it planned to shut down the Baltimore County steel mill, along with two others the company owns in Ohio and West Virgina. Here is a link to the […]

  • RG Steel said to be in talks with Brazil’s CSN

    RG Steel said to be in talks with Brazil’s CSN

    May 19 UPDATE: RG Steel’s Jerry Nelson says “everything’s on the table” and “people have expressed interest” in buying RG Steel plants, according to Wheeling, W.Va., newspaper. Also, scrap dealers reluctant to sell to Sparrows Point and Warren, says American Metal Market. [See AMM story below in Comments.] Industry newsletter Steel Market Update reports that […]

  • RG Steel plans to idle Sparrows Point tin mill in April

    RG Steel plans to idle Sparrows Point tin mill in April

    The Brew has learned that RG Steel plans to wind down operations at the Sparrows Point tin mill on or about March 24 and cease tinplate production altogether by the end of April. The company will transfer existing orders to its Yorkville, Ohio, plant and does not expect the Sparrows Point operation to reopen until […]

  • tandem mill 24

    RG Steel plans to idle tin mill at Sparrows Point due to plunging sales

    In another blow to struggling Sparrows Point, parent company RG Steel is weighing plans to close the mill’s tinplate operation and shift production to Ohio. The decision could lead to the loss of about 300 steelworker jobs.

  • steelworkers and guv

    RG Steel got at least $100 million to reopen

    In a choreographed session for the cameras, the owner of Sparrows Point and the union that represents its workers lauded Gov. Martin O’Malley for saving the mill and Maryland jobs. The real savior, Cerberus Capital, wasn’t there, and financial details of its investment are still sketchy.

  • RG Steel confirms that L furnace has been restarted

    RG Steel confirms that L furnace has been restarted

    Below is the text of a press release issued this afternoon by RG Steel, confirming what Brew readers knew Friday morning. Still no word from the company about whether it has been refinanced by its bankers – or found another source of investment succor – to alleviate the “liquidity crisis” that shut the L furnace […]

  • RG Steel restarts blast furnace at Sparrows Point

    RG Steel restarts blast furnace at Sparrows Point

    UPDATE: On Wednesday, May 11, Sparrows Point produced its first steel in 9 months. It was a small test run of slabs. “I think we’re back in business,” said one proud employee. After building up inventory, commercial production is scheduled to begin June 6, but may be moved forward, sources tell this website. The towering […]

  • It’s now official: Sparrows Point’s new owner is RG Steel

    It’s now official: Sparrows Point’s new owner is RG Steel

    RG Steel confirmed tonight what readers of The Brew knew yesterday – that the company completed its purchase of the Sparrows Point, Warren and Wheeling steel mills from Severstal North America. RG Steel further confirmed an earlier Brew report that the company plans to resume steelmaking operations at Sparrows Point and expects to reopen the […]

  • RG Steel will become Sparrows Point’s new owner tonight

    RG Steel will become Sparrows Point’s new owner tonight

    RG Steel has successfully completed the purchase of Sparrows Point and two other steel mills from Severstal North America and will become their new owner at 12:01 a.m. tonight (Thursday), sources tell The Brew. Formal announcement of the sale of Sparrows Point, Severstal Warren and Severstal Wheeling is expected tomorrow. Contacted by this website tonight, […]

  • American Strong as Steel

    Brew obtains highlights of new contract with RG Steel

    The contract is not what many steelworkers had hoped for, but is what the union claims will keep Sparrows Point and two other mills operating under new ownership. Base pay will increase modestly – but remain below wages at other steel mills.

    **UPDATE: More details on incentives and new hire pay**

  • @KaisCleat

    Ravens outmuscle the Steelers for first playoff victory at Heinz Field

    One and done in the playoffs? Not this time. Beating Pittsburgh 30-17 last night, the Baltimore Ravens followed a lackluster month with their biggest victory since the 2012 Super Bowl season. Somehow, Terrell Suggs’ crazy between-both-legs ball-trapping to hang onto that key interception was emblematic of a very Ravens night.

  • outfall at Sparrows Point

    City to pay up to $6M for continued use of steel mill sewage outfall

    For 70 years, Baltimore relied on the Sparrows Point steel mill to absorb a large portion of its sewage discharges. A deal with the new owners of the now-closed steel property will permit the city to continue the arrangement – and to meet federal and state pollution standards.

  • Old Cold Strip Mill at former Bethlehem Steel mill collapsed 5 5 14

    Roof collapse at closed steel mill injures nine, three critically

    The roof of a building at the closed steel mill at Sparrows Point collapsed on workers doing demolition there today, injuring nine people, three of them critically, Baltimore County Fire Department officials said. The workers “were in the area of the old tin mill doing demolition work on the old cold strip mill,” according to […]

  • sparrows point

    Possible uses of a steel-less Sparrows Point?

    Baltimore County Executive Kevin Kamenetz said he will announce on Friday the findings of a committee that has looked into future uses of the 3,000-acre peninsula. Kamenetz formed the Sparrows Point Partnership Business Advisory Board last May, just days before RG Steel, the parent of the steel facility, went into bankruptcy. The committee’s charge was […]

  • Resources for steelworkers and others in crisis

    Resources for steelworkers and others in crisis

    The director of the Maryland Mental Hygiene Administration, Brian Hepburn, and Dave Goldman, chief of the Baltimore County Bureau of Behavioral Health, asked us to publish this information in the wake of our story on a steelworker suicide. “We are saddened by the death of Mr. Jennings. We would like to express our sympathy to […]

  • BETH OBIT B

    Steel mill’s fate: sealed in May, delivered this week

    The spate of obituaries coming out in the media and the Baltimore County Executive’s office this week are just a bit out-of-date. The Sparrows Point steel mill has been a goner for the last seven months. It wasn’t happy news to ferret out and report, but it was news The Brew nonetheless published.

  • “A century of steelmaking has come to an end,” says Kamenetz

    “A century of steelmaking has come to an end,” says Kamenetz

    Baltimore County Executive Kevin Kamenetz released this statement following the sale of the Sparrows Point cold mill (first reported locally by The Brew last night). “Today we face the difficult reality that more than a century of steelmaking as we know it has come to an end in Baltimore County. We all have fought hard […]

  • mill for sale2

    Psst, wanna buy a used steel mill?

    Hilco Industrial made good on its promise and today offered prospective buyers of the closed Sparrows Point steel mill several purchase options. Dubbing its offer as a “Rare Opportunity to Purchase and Operate a Steel Mill,” the Chicago-based company said it will entertain bids for “one or more independent steel production lines” as well as […]

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