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Nucor Corporation
Sparrows Point's cold mill to be used for spare parts
Sparrows Point's cold mill to be used for spare parts

An out-of-state steelmaker has bought the most valuable piece of the Sparrows Point plant to use as spare parts, a move that could kill the last hopes that the steel mill might be purchased by an operator and reopened. American Metal Market reported late Wednesday that Charlotte, N.C.-based Nucor Corp. had acquired the major portion of Sparrows Point's 12-year-old cold mill, the newest part of an old facility. Nucor's president, John Ferriola, told the trade publication that the acquisition would be used for upgrades and to replace parts at the company's own mills. An official with knowledge of the transaction confirmed Wednesday night that Nucor bought the cold mill and...

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