Posted in | News | Ferrous Alloys and Metals | Business | Iron and Steel

Georgetown Steel Auction May Have to be Postponed Due to High Degree of Interest

Mar 22 2004

The proposed auction of bankrupt Georgetown Steel, set for May 14th, may have to be pushed back due to the large amount of interest in the purchase of its assets.

Georgetown Steel closed its doors last October, affecting about 600 employees.

The large number of potential bidders has been attributed to the marked improvement in the economy and steel industry as well as economic growth being experienced in China.

For more information on Steel manufacture, click here.

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