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By Ross Hetrick and Ross Hetrick,Sun Staff Writer | August 4, 1994
The very thin hope that hundreds of jobs might reappear at the rod mill at Bethlehem Steel's Sparrows Point plant has been eliminated with the company's confirmation that it plans to sell the mill's equipment to foreign companies."
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BUSINESS
By Ross Hetrick and Ross Hetrick,Sun Staff Writer | August 4, 1994
The very thin hope that hundreds of jobs might reappear at the rod mill at Bethlehem Steel's Sparrows Point plant has been eliminated with the company's confirmation that it plans to sell the mill's equipment to foreign companies."
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BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | September 17, 1992
Foreign steel companies are showing interest in buying and perhaps operating Bethlehem Steel's closed rod mill at its Sparrows Point plant, according to a state economic development official.Scott M. Blacklin, director of the Maryland International Division, said representatives from three foreign companies have been meeting with Bethlehem and state officials since June about the possibility of buying the rod mill, which had employed about 350 workers. While he declined to name the companies, Mr. Blacklin said they include an Indonesian company, an Egyptian firm and a holding company based in Cyprus that represents Russian and Ukrainian steel operations.
BUSINESS
December 23, 1993
Bethlehem to sell mills at 2 sitesBethlehem Steel Corp. said yesterday that it had signed an agreement to sell its shuttered rolling mills and bar mills in Johnstown, Pa., and Lackawanna, N.Y., to an affiliate of New York-based Veritas Capital Inc.The sale does not include the rod mill at Bethlehem's Sparrows Point plant, which is being marketed separately, the company said. Bethlehem closed the rolling mills division, including the Sparrows Point rod mill, in August 1992, idling about 1,700 workers in all. About 340 lost jobs here.
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | July 21, 1993
Georgetown Steel Corp., a steel-wire-rod company based in Georgetown, S.C., has been talking to Bethlehem Steel Corp. about buying the closed rod mill at the Sparrows Point steel facility in Baltimore County, according to the head of the union in Georgetown.Bethlehem closed the mill, which had 340 workers, in August 1992 after it could not find a buyer for the entire bar, rod and wire division. The division also included operations in Johnstown, Pa., and Lackawanna, N.Y., which were also closed.
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | November 27, 1992
The closed rod mill at Bethlehem Corp.'s Sparrows Point steel mill could reopen and begin operating as soon as February.T. N. Ramaswamy, director of finance for Ispat Mexicana S.A. de C.V., which has agreed to buy the closed mill, said his company hopes to complete the purchase as early as January and to reopen the operations a few weeks later.But, he cautioned, there could be intervening problems. "We have to look at a lot of details," he said.The number of people who would be employed at the rod mill has not been determined, but Ispat, part of the Ispat Group of Calcutta, India, plans to hire union workers and to negotiate a contract with the United Steelworkers of America, Mr. Ramaswamy said.
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | February 20, 1993
With last-ditch efforts under way yesterday that are crucial to reopening a closed rod mill at Sparrows Point in Baltimore County, laid-off workers from the operation got a look at the contract their union leaders rejected.They didn't like what they saw."I think it stinks," said Dennis J. McCormick, 39, a former rod mill worker who has been out of work since April. He particularly objected to the wage proposal, which dips down to $8.50 an hour for some workers."I feel like that type of money is little boys' money," he said.
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | February 9, 1993
Labor negotiations crucial to reopening the closed rod mill at the Sparrows Point steel mill are coming to a head with the two sides apparently far apart on key issues.Officials of the United Steelworkers of America were scheduled to meet in Pittsburgh Thursday to consider a labor contract that would cover workers at Bethlehem Steel's closed bar, rod and wire division, which includes the Sparrows Point rod mill. The mill had a work force of 350 when it closed Aug. 14.The contract offer is being made by Ispat Mexicana S.A. de C.V., part of the Ispat Group of Calcutta, India, which signed a letter of intent in November to buy the Bethlehem division.
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | November 12, 1992
Bethlehem Steel Corp. is talking with an Indian steel company about a possible sale of Bethlehem's closed bar, rod and wire division, which formerly operated a rod mill at Sparrows Point.The company said its discussions with Ispat Group of Calcutta, India, involve Bethlehem's rod mill at Sparrows Point, various steel mills in Johnstown, Pa., and a 13-inch bar mill in Lackawanna, N.Y.The division's Johnstown wire mill, which is slated to be sold to TMB Industries in Chicago, is excluded from the talks, according to a Bethlehem statement Tuesday.
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | November 14, 1992
A deal to sell a Bethlehem Steel division, which includes the closed rod mill at Sparrows Point, is close to becoming a reality, according to officials of Ispat Group of Calcutta, India.In a press release distributed this week, Ispat officials said they were "in an advanced stage of negotiations" with Bethlehem to buy its bar, rod and wire division. That division includes Bethlehem's rod mill in Baltimore County, which had a work force of 350 before it was shut down Aug. 14.In addition to the rod mill, negotiations involve steel mills in Johnstown, Pa., and a 13-inch bar mill in Lackawanna, N.Y. The largest operation in the division is the Johnstown operation, which employed 1,950.
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | July 21, 1993
Georgetown Steel Corp., a steel-wire-rod company based in Georgetown, S.C., has been talking to Bethlehem Steel Corp. about buying the closed rod mill at the Sparrows Point steel facility in Baltimore County, according to the head of the union in Georgetown.Bethlehem closed the mill, which had 340 workers, in August 1992 after it could not find a buyer for the entire bar, rod and wire division. The division also included operations in Johnstown, Pa., and Lackawanna, N.Y., which were also closed.
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | February 20, 1993
With last-ditch efforts under way yesterday that are crucial to reopening a closed rod mill at Sparrows Point in Baltimore County, laid-off workers from the operation got a look at the contract their union leaders rejected.They didn't like what they saw."I think it stinks," said Dennis J. McCormick, 39, a former rod mill worker who has been out of work since April. He particularly objected to the wage proposal, which dips down to $8.50 an hour for some workers."I feel like that type of money is little boys' money," he said.
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | February 19, 1993
Talks between the United Steelworkers of America and the potential buyer of Bethlehem Steel Corp.'s bar, rod and wire division broke down yesterday, jeopardizing the reopening of the rod mill at Sparrows Point.The talks between the union and Ispat Mexicana S.A. de C.V. in Pittsburgh ended after the Indian-owned steel company rejected union counterproposal, according to the Steelworkers."We've gone as far as we could possibly go," said Andrew V. Palm, director of USWA District 15. "We're willing to listen to anything reasonable the company has to say. The ball is in their court."
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | February 9, 1993
Labor negotiations crucial to reopening the closed rod mill at the Sparrows Point steel mill are coming to a head with the two sides apparently far apart on key issues.Officials of the United Steelworkers of America were scheduled to meet in Pittsburgh Thursday to consider a labor contract that would cover workers at Bethlehem Steel's closed bar, rod and wire division, which includes the Sparrows Point rod mill. The mill had a work force of 350 when it closed Aug. 14.The contract offer is being made by Ispat Mexicana S.A. de C.V., part of the Ispat Group of Calcutta, India, which signed a letter of intent in November to buy the Bethlehem division.
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | November 27, 1992
The closed rod mill at Bethlehem Corp.'s Sparrows Point steel mill could reopen and begin operating as soon as February.T. N. Ramaswamy, director of finance for Ispat Mexicana S.A. de C.V., which has agreed to buy the closed mill, said his company hopes to complete the purchase as early as January and to reopen the operations a few weeks later.But, he cautioned, there could be intervening problems. "We have to look at a lot of details," he said.The number of people who would be employed at the rod mill has not been determined, but Ispat, part of the Ispat Group of Calcutta, India, plans to hire union workers and to negotiate a contract with the United Steelworkers of America, Mr. Ramaswamy said.
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | November 24, 1992
Bethlehem Steel Corp. yesterday announced that it has signed a letter of intent to sell its bar, rod and wire division to Ispat Mexicana S.A. de C.V., part of the Ispat Group of Calcutta, India.The price of the proposed sale was not disclosed.The deal includes the rod mill at the Sparrows Point in Baltimore County, which had a work force of 350 before it was shut down Aug. 14. The division also includes steel mills in Johnstown, Pa., and a 13-inch bar mill in Lackawanna, N.Y. The largest operation in the division is the Johnstown operation, which employed 1,950.
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | February 19, 1993
Talks between the United Steelworkers of America and the potential buyer of Bethlehem Steel Corp.'s bar, rod and wire division broke down yesterday, jeopardizing the reopening of the rod mill at Sparrows Point.The talks between the union and Ispat Mexicana S.A. de C.V. in Pittsburgh ended after the Indian-owned steel company rejected union counterproposal, according to the Steelworkers."We've gone as far as we could possibly go," said Andrew V. Palm, director of USWA District 15. "We're willing to listen to anything reasonable the company has to say. The ball is in their court."
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | November 14, 1992
A deal to sell a Bethlehem Steel division, which includes the closed rod mill at Sparrows Point, is close to becoming a reality, according to officials of Ispat Group of Calcutta, India.In a press release distributed this week, Ispat officials said they were "in an advanced stage of negotiations" with Bethlehem to buy its bar, rod and wire division. That division includes Bethlehem's rod mill in Baltimore County, which had a work force of 350 before it was shut down Aug. 14.In addition to the rod mill, negotiations involve steel mills in Johnstown, Pa., and a 13-inch bar mill in Lackawanna, N.Y. The largest operation in the division is the Johnstown operation, which employed 1,950.
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