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U.S. steel mills threatened as hot metal piles up in private-equity recycler’s ‘chaos’ bankruptcy

Summary by Ground News
Phoenix Services, a Radnor company, is in its sixth month of bankruptcy reorganization. Phoenix is using the bankruptcy to force new terms on the steelmakers. Nucor, the largest U.S.-based steelmaker, is fighting back. Phoenix blamed inflationary pressure and rising fuel costs.
Published 2 months ago · Cherokee County, United States

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U.S. steel mills threatened as hot metal piles up in private-equity recycler’s ‘chaos’ bankruptcy

Radnor-based Phoenix Services' bankruptcy has been accompanied by poor maintenance and unfairly high price demands, Nucor told the bankruptcy court

2 months ago·Philadelphia, United States
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US steel mills threatened as hot metal piles up in private-equity recycler's 'chaos' bankruptcy

Phoenix Services, a Radnor, Pennsylvania, company that keeps the largest U.S. steel mills running by recycling their molten slag, is in its sixth month of bankruptcy reorganization, as tons of waste pile up at its clients' plants. But why? Was Phoenix forced to seek Chapter 11 protection by inflatio...

2 months ago
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