BIRMINGHAM STEEL CORPORATION ANNOUNCES PLANS FOR CONSTRUCTION OF SCRAP PROCESSING FACILITY.BIRMINGHAM, Ala.--(BUSINESS WIRE)--June 17, 1996--Birmingham Steel Corporation today announced that it is evaluating sites and plans for constructing a scrap processing facility in the lower Mississippi River
Commenting on the announcement, Robert A. Garvey, Chairman and Chief Executive Officer, said, "This scrap processing facility is part of our continuing strategy to reduce total raw materials costs while securing a reliable supply of scrap for our steel plants." Details concerning the plant design, capacity, start-up date and site selection are still under review by the Company. Birmingham Steel operates steel mini-mills producing primarily steel reinforcing bar and merchant products, and also specializes in manufacturing high-quality rod and wire from semi-finished billets at its American Steel & Wire subsidiary. The common stock of Birmingham Steel Corporation it is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "BIR BIR British Institute of Radiology BIR Bureau of Internal Revenue BIR Bureau of International Recycling BIR Baculovirus IAP Repeat BIR Biomedical Imaging Resource BIR Bureau of Intelligence and Research (US State Department) ." CONTACT: Birmingham Steel Corporation, Birmingham John Casey, 205/970-1238 |
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