RG Steel LLC filed for chapter 11 protection today, one week after the company said that it was running short of liquidity and set plans to idle three steelmaking plants, Reuters reported. Privately held RG Steel said a week ago it was suffering a liquidity crisis, looking for a buyer and would idle all three of its steel mills starting in June. The company and several affiliates filed for protection listing more than $1 billion in both assets and liabilities.
