The historic Sparrows Point steel mill was sold to liquidator Hilco Industrial for about $72 million on Tuesday, Reuters reported yesterday. The 120-year-old Baltimore, Md., mill, where steel for the Golden Gate Bridge was forged, was one of three steelmaking assets put up for sale by bankrupt RG Steel LLC. The company was the fourth-largest U.S. producer of flat-rolled steel when it filed for chapter 11 bankruptcy protection on May 31 due to rising costs and weak demand.
