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Casey to Liquidate Oregon Steel’s Portland Meltshop

April 14, 2004 — Oregon Steel Mills has hired Casey Equipment Corp. on an exclusive basis to liquidate the company’s 800,000 tons/year Portland, Ore., meltshop.

The contract gives Casey exclusive rights to sell the meltshop equipment, which includes a 90-ton eccentric bottom tapping Demag EAF with 65/72 MVA transformer and 650,000 cubic feet/minute reverse-air baghouse, 90-ton Demag ladle met station, and 90-ton EMCI vacuum ladle degassing station. Additional equipment includes a 90-ton pressure slab casting system and miscellaneous meltshop equipment ranging from cranes, ladle preheaters and scrap buckets and to scales, ladles and a slag vitrification/glassification plant. Complete details are available at Casey's specially developed Oregon Steel Surplus website.

Under terms of the contract, Casey will perform such sales related tasks as equipment appraisal, advertising/marketing, customer inspections, and contract negotiation.

Oregon Steel Mills is a minimill producer of a broad line of specialty and commodity steel products for domestic and global markets. The company is organized into two divisions: The Oregon Steel Division and Rocky Mountain Steel Mills Division. The company recently settled a six-year labor dispute with the United Steel Workers of America at its Rocky Mountain Steel Mills majority-owned subsidiary.

Founded in 1961, Casey Equipment Corp. is a world-leading provider of used and refurbished steel mill equipment. Casey’s corporate headquarters is located in Pittsburgh, Pa.

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