8th World Antimony Forum

TBD
Guiyang, Guizhou, China

12th Rare Earth Summit

TBD
Hangzhou, Zhejiang, China

11th Aluminum Raw Materials Summit

TBD
Hangzhou, Zhejiang, China

9th Magnesium Summit

TBD
Hangzhou, Zhejiang, China

13th World InBiGeGa Forum

TBD
Hangzhou, Zhejiang, China

7th World Antimony Forum

June 13-14, 2019
Changsha, Hunan, China

7th Refractory & Abrasive Materials Summit 2019

May 23-24, 2019
Qingdao, Shandong, China

10th Aluminum Raw Materials Summit

May 16-17, 2019
Zhengzhou, Henan, China

11th Rare Earth Summit

May 9-10, 2019
Qingdao, Shandong, China

8th Magnesium Summit

April 11-12, 2019
Zhuhai, Guangdong, China

12th World InBiGeGa Forum

March 14-15, 2019
Zhuhai, Guangdong, China

Liberty Steel to buy Bayou Steel for $28 million

2019-12-25 10:50:01   【Print】
Liberty Steel Group said Monday it has been named as the preferred buye" for Bayou Steel in LaPlace, which was put into bankruptcy in September by its Connecticut-based hedge fund owner.

Liberty Steel said in a statement on Monday that it expects to pay $28 million, assuming it clears all the hurdles to buy the company out of bankruptcy court in Delaware. The judge overseeing the case said Monday she expects to approve the deal, pending some small changes to the agreement.

Bayou Steel was put into Chapter 11 bankruptcy at the end of September by owner Black Diamond Capital Management, subsequently ceasing operations.

Liberty Steel said it also plans to acquire the rolling mill operation in Tennessee and Bayou Steel's depots in Catoosa, Oklahoma; Leetsdale, Pennsylvania; and Chicago.

The deal is expected to be completed by the end of January. Liberty Steel has developed a plan to upgrade and modernize the mill, restart recycling operations in the second-half of next year and steel-making by early the following year, it said in a statement.Asian Metal Copyright The company has pledged to invest $90 million to upgrade the business, the court filing said.Asian Metal Copyright The company has pledged to invest $90 million to upgrade the business, the court filing said.

.Asian Metal Copyright .Asian Metal Copyright