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Thousands of Items to be Auctioned at Sparrows Point Today

01/23/2013 - Starting this morning, the company that purchased RG Steel's Sparrows Point steel mill is holding an auction to sell off specialized equipment as part of the wholesale scrapping of the one-time largest steel facility on the globe.

Thousands of items are being auctioned off at the former RG Steel Sparrows Point mill today as an on-site auction with webcast began as the plant undergoes its first phase of dismantlement.
Everything from office furniture to giant 32-wheel, 200-ton “torpedo” cars are up for grabs.
Starting this morning, the company that purchased the Sparrows Point steel mill is holding an auction to sell off specialized equipment as part of the wholesale scrapping of the one-time largest steel facility on the globe.
Hilco Industrial has put up for bids more than 1,700 pieces of equipment, including railway locomotives, hot-metal transfer or “torpedo” railcars, mobile cranes, slab haulers, industrial tractors, pneumatic and cutting tools, lifting magnets, fork lifts, heavy motors and other plant-support machinery.
The on-site auction today and tomorrow will be held inside the plant on Sparrows Point Blvd., which has largely been cordoned off since the property was purchased at bankruptcy sale last August by the Chicago-based liquidator and its partner, Environmental Liability Transfer (ELT) of St. Louis.
After holding out a slim reed of hope that the plant would be resold to an operating company, the United Steelworkers Local 9477 conceded last month that the sprawling facility will be scrapped in its entirety…
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