Sep 28, 2012

The mill will be sold or auctioned by the beginning of 2013. Dundalk, MD Share Tweet Google Plus Reddit Email Comments0 The fate of the Sparrows Point steel mill again hangs in the balance. Environmental Liability Transfer and Hilco Trading , who purchased the former RG Steel back in August, plan to sell all or part of the mill by December. The Hilco website, which features several photos of the site, lists the sale as a "rare opportunity to purchase and operate a steel mill. " Hilco has announced the following schedule for buyers: Deadline for Initial Indication of Interest: November 12, 2012 Bid Deadline: December 21, 2012 Auction Date (if necessary): January 3, 2013 Closing Date: No later than January 11, 2013 RG Steel sold the mill to the liquidators in August for $72 million, after no steel producers showed up at the auction in New York. More from Across Patch