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Mittal Steel Company NV

Sparrows Point steel mill will close in June

Sparrows Point steel mill will close in June

The owner of the financially ailing Sparrows Point steel plant is idling operations there, warning 1,975 workers Thursday that they would be laid off starting next month. The news, the latest casting doubt on the future of the Baltimore County facility, came as RG Steel is shopping the steel mill and its other assets to potential buyers. RG Steel informed the Maryland Department of Labor, Licensing and Regulations that layoffs would begin June 4 and continue through June 18. The state said the company would be laying off 1,714 hourly and 261 salaried workers, losses that would be a significant blow to the economy. For years, the plant has faced uncertainty before last-minute deals...

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