RG Steel to be auctioned this week - 21 News Now, More Local News for Youngstown, Ohio -

Updated

RG Steel to be auctioned this week

Posted: Updated:

WARREN, Ohio - Equipment from Warren's now closed RG Steel plant goes on the auction block this week.

Buyers, managers, and company owners from the west coast, Pittsburgh and Youngstown walk through the vast buildings on Pine Street in Warren where Tuesday morning Myron Bowling Auctioneers will begin selling off 1,467 items.

Hank Marsilio, owner of Eagle Mechanical in Youngstown, was also there. "We're a mechanical contractor in Youngstown and we specialize in boiler repair and piping work. There's some equipment here that would benefit us in the pipe shop. If the price is right, we'll make it work," Marsilio said.

Although companies from across the country and the region are hoping to benefit from some of the items up for auction, there are some concerns about some of the items being sold from this plant that has been here in Warren for 101 years.

Darryl Parker, president of steelworkers local 1375, says although the company that bought the former RG Steel out of bankruptcy says it is not selling items that will be used to produce steel, the union believes many of the items on the auction block are necessary for producing steel.

"If a potential operator is found within the next couple months what it will do in turn is put that potential operator, and I emphasize potential, at a disadvantage," Parker said.

As the auction winds down on Friday, 7,055 items will be put up for bid. Although about one third of the steelworkers who worked at R&G Steel have found jobs, there are hopes a buyer will see an opportunity and begin operations again.

 

 


 

  • More From wfmj.comMore>>

  • As US economy accelerates, Fed remains cautious

    As US economy accelerates, Fed remains cautious

    Thursday, July 31 2014 12:17 AM EDT2014-07-31 04:17:00 GMT
    After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate on the strength of higher consumer and business spending.More >>
    After a grim start to 2014, the U.S. economy has rebounded with vigor and should show renewed strength into next year.More >>
  • Deadly Israeli strikes hit UN school, market area

    Deadly Israeli strikes hit UN school, market area

    Wednesday, July 30 2014 8:26 PM EDT2014-07-31 00:26:47 GMT
    A Palestinian health official says 13 people were killed after tank shells hit a U.N. school in Gaza where hundreds of Palestinians had taken refuge from Israeli attacks.More >>
    Israeli artillery shells tore through the walls of a U.N. school crowded with sleeping war refugees and back-to-back explosions rocked a market filled with shoppers Wednesday as Israel's stepped up campaign against...More >>
  • Suing Obama: GOP-led House gives the go-ahead

    Suing Obama: GOP-led House gives the go-ahead

    Wednesday, July 30 2014 7:49 PM EDT2014-07-30 23:49:43 GMT
    Republicans are ready to muscle legislation through the House authorizing an election-year lawsuit against President Barack Obama that accuses him of exceeding his powers in enforcing his health care law.More >>
    A sharply divided House approved a Republican plan Wednesday to launch a campaign-season lawsuit against President Barack Obama, accusing him of exceeding the bounds of his constitutional authority. Obama and other...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms