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Oregon Steel Mills Announces Closure of Pipe Mill.

Publication: Business Wire
Publication Date: 14-DEC-04
Format: Online - approximately 593 words
Delivery: Immediate Online Access

Article Excerpt
PORTLAND, Ore. -- Oregon Steel Mills, Inc. (NYSE:OS) announced today that it would permanently close its large-diameter line pipe mill located in Napa, California ("Napa Mill") and sell the pipe mill assets and real estate in separate transactions. The Company has contracted with Casey Equipment Corporation to market the pipe mill equipment and with Cushman & Wakefield to market the real estate. The Napa Mill assets, which include 152 acres of real estate, have a net book value of approximately $31 million. The Company expects to record a...

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