|
|
Article: U.S. orders sale of Sparrows Point: Antitrust decision puts Md. steel plant on market.
- Article from:
- The Baltimore Sun (Baltimore, MD)
- Article date:
- February 21, 2007
CopyrightCOPYRIGHT 2007 The Baltimore Sun. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Allison Connolly
Feb. 21--For the third time in as many years, Sparrows Point is up for sale. And this time it's a rush job. The Justice Department wants the sprawling Baltimore County steel plant to be under new ownership within 90 days to make sure that its current boss, Mittal Steel Co. NV, does not have too much control over the market for tin plate used to make cans for foods, aerosol sprays, paints and other products.
Netherlands-based Mittal, which is merging with Luxembourg-based Arcelor SA in a $33 billion deal to create the world's largest steelmaker, had wanted to sell its plant in Weirton, W.Va., instead. Selling Sparrows ...