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

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

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...