RG Steel, creditors eye agreement on sale process

Published June 21, 2012 5:35pm ET



WILMINGTON, Del. (AP) — RG Steel LLC says it is close to resolving differences with creditors over plans to sell the bankrupt steelmaker’s assets.

RG Steel, the nation’s fourth-largest flat-rolled steel manufacturer, sought bankruptcy protection in Delaware last month, citing liquidity issues attributed to low steel prices and high raw material costs.

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