Acme Metals Closing

Acme Metals Inc. announced plans to shut down its steelmaking operations in Riverdale, Ill. The announcement came Oct. 16^th.

The company tried to find a buyer for about two years and filed for bankruptcy. The company said it couldn't complete a sale and that it will end primary steelmaking this week.

It said it will continue a finishing operation for steel coils until its inventory is depleted. Acme produces flat rolled steel used in picture tubes, cutlery and many other products.

One part of the company, a producer of steel and plastic strapping, is profitable and will continue, Acme said.