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RG Steel
Latest News
RG Steel Restarts Blast Furnace at Sparrows Point, Strengthens Liquidity with New Capital
23 January 2012 - RG Steel announced that the “L” blast furnace at its Sparrows Point plant has resumed operations and should reach normal operating rates within several days. The company also announced that affiliates of Cerberus Capital Management, L.P. and The Renco Group, Inc. have committed to provide RG Steel with significant new capital that improves its liquidity and provides the financial ability to execute its business strategy.
USW Membership Ratifies Agreement with RG Steel
06 May 2011 - Members of the United Steelworkers (USW) have ratified their new contract with RG Steel, which purchased USW-represented facilities from Severstal North America last month.
RG Steel Announces Executive Appointments
13 April 2011 - RG Steel President and CEO V. John Goodwin announced four key executive appointments including Chief Financial Officer, Chief Commercial Officer, Chief Administrative Officer, and Chief Operating Officer.
RG Steel Plans for Restart of Former Severstal Facilities
04 April 2011 - RG Steel completes its stock purchase of three U.S. assets from Severstal US Holdings, LLC. Employees are being recalled to the Sparrows Point facility, with the blast furnace scheduled to become operational in May.
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