Sparrows Point Steel Mill Shuts Down Suddenly

According to the Baltimore Sun, RG Steel’s Sparrows Point, Md., steel mill has shut down suddenly as the company struggles to pay its bills and win back customers.

Bette Kovach, a spokeswoman for Sparrows Point owner RG Steel, did not return several calls to confirm shuttering of the mill, which employs more than 2,200 workers.

But analysts and workers said that managers began meeting with employees Dec. 21 to tell them not to report to work next week. The shutdown comes nine months after RG Steel bought the steel mill from Russian company Severstal.

The workers said managers gave little detail about the length of the shutdown, describing it as "indefinite."
 

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