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Nucor Corporation

Sparrows Point co-owner disputes that it blocked bidders

Sparrows Point co-owner disputes that it blocked bidders

One of the Sparrows Point owners broke its silence on the bidding process Thursday to rebut charges that it blocked potential operators from bidding on the steel mill, saying it "seriously considered" all companies with the means to make such a purchase. Hilco Trading, which bought the Baltimore County site with another company at an August bankruptcy auction, had set this Friday as the deadline for bids on all or portions of the property. But last week, the Illinois-based liquidator sold the facility's most valuable mill to steelmaker Nucor, reportedly for spare parts — ending all hope that the plant would be reopened. The United Steelworkers Local 9477 in Sparrows...

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