Wheeling-Pitt to decide Jan. 7 on rail mill sale
Wheeling-Pittsburgh Steel plans a January 7 vote on a pact to have the federal Economic Development Administration assume control of the Monessen rail mill, clearing the way for sale. The EDA would take charge under an informal agreement with bankruptcy officials. seven bidders, led by Bethlehem Steel, have surfaced. A local investor hopeful to save the mill proposes installing an electric arc furnace, while blast furnaces were shut earlier this year.
MENTIONED IN THIS ARTICLE
Pittsburgh
UPI
Wheeling-Pittsburgh Steel Corp
Federal Economic Development Administration
Monessen
EDA
U.S
Warren Bentz
Westmoreland County
Wheeling-Pitt
Bethlehem Steel Corp
United Steelworkers Union District 15
Andrew ‘Lefty
Palm
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