Report lists ‘backup bidder’ for RG Steel’s Warren mill

Staff report

WARREN

Environmental Liability Transfer of Missouri is a “backup bidder” to C.J. Betters Enterprises in Monaca, Pa., to obtain the Warren mill of RG Steel, The Baltimore Sun reports.

C.J. Betters had the “winning” bid for the Warren mill at $17 million, but a hearing Wednesday in U.S. Bankruptcy Court may determine whether the bid by Betters or Environmental Liability Transfer will win out, according to 21 WFMJ- TV, The Vindicator’s broadcast partner.

Environmental Liability Transfer, a redevelopment firm, was the high bidder for the RG Steel Sparrows Point, Md., mill at $72 million.

C.J. Betters Enterprises has the backup bid on the Sparrows Point mill, offering $65 million.

Today, leaders of Local 9477 in Baltimore will meet with United Steelworkers officials in Pittsburgh to get answers to questions created by the auction, The Sun reported.

Local 9477, which represents about 2,000 workers at the Sparrow’s Point mill, still hopes another company can be found to buy the Sparrows Point plant, the news- paper said.

Environmental Liability Transfer is a redevelopment firm.

It is partnering with Hilco Trading of Illinois, which is a liquidation company, the newspaper reports.

Chuck Betters, owner of C.J. Betters Enterprises, said his company intends to try to restart the Warren mill, which employed 1,200 people earlier this year before it began layoffs.

“If there’s a way to get it restarted, we’ll do it,” he said, adding that he didn’t know what level of production would occur or how many people would be employed.