Baltimore Brew - Latest Comments

Re: Sparrows Point is in a “liquidity crisis,” union president says

MTE — Wed, 16 May 2012 15:25:43 -0000

Doc, We were told by management this morning that the tandem mill at Yorkville will be out of rolling oil by Friday, RG owes them over 1 million dollars and they will not deliver anymore oil. By the end of dayturn management came around and said we would be getting a delivery tomorrow, but they did'nt seem very confident. If it is delivered then they found some money somewhere.

Re: Sparrows Point is in a “liquidity crisis,” union president says

1190 Scab — Wed, 16 May 2012 15:17:47 -0000

Great post WPSC, You are spot on. I believe Joe Rosel, SP could'nt have voted in a more honest and intelligent man. He came out and told the truth! Thanks Joe.

Re: Sparrows Point is in a “liquidity crisis,” union president says

Fordtrkfan — Wed, 16 May 2012 15:08:29 -0000

Well I know the schedule for next weeks Cold Mill is down significantly. Claiming they only have 32,000 tons left to run to fill the last orders. Down to 3 1/2 days next week. If that is what folks call running smoothly and no problems, I will buy the next round at the nearly sunken Tiki Bar!

Re: Peeling back a first-impression – behind that “torn” Open Walls mural

Allison — Wed, 16 May 2012 15:01:45 -0000

But will the strips stay in place or fall off and litter the street? Although I agree it is a visually interesting mural, the last thing our neighborhoods need is more trash on the sidewalks.

Re: Sparrows Point is in a “liquidity crisis,” union president says

Jason — Wed, 16 May 2012 14:39:15 -0000

You or your corrupt union can show where the brew has gotten any facts wrong with this article. They are too busy wasting our dues money fighting department of labors decision about malpractices of the previous election. The founders of the union are spinning in their graves looking at what this union has become.

Re: Sparrows Point is in a “liquidity crisis,” union president says

Interested Party — Wed, 16 May 2012 14:38:05 -0000

How about that their customers and lenders are supporting them WPSC? This statement goes against what the Union is saying.

Re: Grand Prix racing into the unknown with latest team of promoters

Bmorepanic — Wed, 16 May 2012 13:53:34 -0000

I guess its an improvement not to be reimbursed for half-a-million instead of not being reimbursed for (what was it last year - $1.5 million?).

Do you think SRB doesn't understand the concept of LLCs? As in it doesn't matter what their personal assets are because you can't touch them should things go belly up. After all, what possibly could go wrong with a venture capitalist and a marketing firm organizing things?

I suspect that somehow, if the race loses money, the venture capitalist will end up owning the Inner Harbor and the advertising agency the city seal.

Re: Sparrows Point is in a “liquidity crisis,” union president says

Sparrows Hater — Wed, 16 May 2012 13:41:56 -0000

WPSC, you are right on. I think people get excited because RG said something at all. You were spot on pointing out Nelson said nothing at all. Nelson is merely re-arranging the deck chairs on the Titanic and telling passengers on a sinking ship not to panic. Correction - a sunken ship.

I understand from employees in Warren they are now out of materials too. And Sparrows is essentially paying for coke and ore heat-by-heat.

My suspicion is the only reason RG has not filed is because of their complete ineptitude or hope that Cerberus, GE or some Brazilian company is going to save them again at the last possible moment. In the meantime, maybe Goodwin can pass his hat around the board room and to the USW at the Point to buy some pellets. Sparrows you got exactly what you were going to get with your 5th owner in 8 years. It is amazing anybody bought steel from SP in the past 14 months - nothing but bottom feeders buy steel from SP. Who wants to bet the Beast of the East is dead by the end of the week?

Re: Likening the bottle tax hike to “a bake sale,” Stokes defies crowd

Rocky Ground — Wed, 16 May 2012 13:33:14 -0000

Fair enough. I'm all for a thorough audit. And it doesn't exactly help one's confidence to open the paper today and read about the B.S. water bills.

Re: Sparrows Point is in a “liquidity crisis,” union president says

Palkie2 — Wed, 16 May 2012 13:29:20 -0000

Great points,WPSC

Re: Sparrows Point is in a “liquidity crisis,” union president says

Interested Party — Wed, 16 May 2012 13:22:12 -0000

Right or wrong, it just makes sense to get both sides of the story and Mr. Packard asked the Company for their reponse to each of the points made by the Union. Mr. Nelson then answered each point in detail to give RG's side of things. It would be nice if the Brew could be as fair and balanced as the Steel Market Update is!

Re: Sparrows Point is in a “liquidity crisis,” union president says

msc#1operator — Wed, 16 May 2012 13:20:34 -0000

u are 100% correct wpsc....it's all standard business school bs that these executives say when they are called out.....it wont be long til the money runs out and rg will be gone.....

Re: Sparrows Point is in a “liquidity crisis,” union president says

Dr Raymond Boothe — Wed, 16 May 2012 13:18:35 -0000

The article in Steel Market Update is pure company BS. What do you expect from John Nelson-the truth? He it like the mouse who stole the cheese, he isn't going to tell who did it. Their lenders must have made additional terms on their loans because they certainly are not making any money at Moon Point. In April you were selling unpriced coils overseas just to keep the plant open. Now that it is over you have no steady business ANYWHERE ("somewhat weaker order book"-LOL).

Sorrows Point's usual customers have left the company in droves and Mr. Nelson does not answer the questions-Why arn't the vendors being paid? Why are critical replacement parts not being purchased? Why are the railroads holding up coil shipments? It is NOT the poor hot band market that is causing your demise.It is EVERYTHING!! These questions are just part of the proof the RG Steal is a badly managed and financially broken company. And Sorrows Point is the heart of it all.The Steel Market Update posts a company line article that comes right out of the office of Betty Duct Tape. What a joke. The Wisemen of the West know that it is nothing more than a fairy tale. They have experienced all the unorganized mayhem that is RG Steal. This includes problems at Warrens hot end, not starting Mingo, problems at Yorkville and the coke plant and the closing of Martins Ferry and Beech Bottom. This guy is asleep at the wheel and is driving SP right into the bay. SPLASH!These are not rumors John Nelson-these are solid FACTS. Come to the West and solve all the problems out here instead of dreaming in you comfortable office on the Moon. The Steel Market Update should have NOT printed such a rosey, bias article when they should have looked closer to the real rose bush. There they would have found more thorns than roses.
Terrible reporting-it is shameful.

Re: Sparrows Point is in a “liquidity crisis,” union president says

WPSC — Wed, 16 May 2012 13:07:57 -0000

Still not sure what part of the Brew article you birds feel is not factual??

1) Liquidity Crisis : Nelson concedes that RG does indeed have a crisis but attempts to minimize it by saying that " a depressed hot band market impacts all steel producers "

2) Order book : Again, Nelson does what he is supposed to do by deflecting the answer to a generalization by stating " all mills are experiencing a weaker order book without definitively answering the question !

3) No Layoffs planned : Nelson says "workforce levels are adjusted to to match production requirements." Wow, really ?? Another dodge ! So Nelson, what you are saying is no layoffs today, but all bets are off for tomorrow and beyond ?

4) Plants for sale : The key point here is Nelson raising the non - disclosure agreement. Basically saying that if we are looking for a buyer, we will never tell you anyway because we run this company like the government ran Los Alamos. And if somebody did tell you, they shouldn't have and I will deal with that !

So, in retrospect, what we have here is the same thing we have always had . RG Steel saying absolutely nothing but feeling a pressing need to say something because they have been called out by the Brew. So, once again, thanks Baltimore Brew for keeping all of us steelworkers apprised of the nefarious inner workings of Rennert Inc.

Re: Sparrows Point is in a “liquidity crisis,” union president says

Warpig — Wed, 16 May 2012 12:40:16 -0000

the loaders of the trucks if they were texting they should get some kind of disciplinary action but who is to say just what took that much time to load the truck. I am sure there are bad employees in every plant and i am with you on they should be weeded out but to go on and say once a loser always a loser is uncalled for.

Re: Creating a public recreation ethic for City Hall

Kim Trueheart — Wed, 16 May 2012 12:39:22 -0000

Thanks for sharing Chris! ... We don't know if our Mayor has a vision for anyone other than herself, which is the root of most of her administration's misteps. A comprehensive strategic plan for our youth would be a good place to begin formulating a vision for that key constituentcy, but sadly that does not appear on her agenda.

Re: Fells Point guessing game as to what traffic fixes the city will do

baltimorebrew — Wed, 16 May 2012 12:32:06 -0000

Gerry is away from his computer and asks us to reply to Cory: "Tell him we agree on northbound Chester north of fleet. Getting to Boston St. from Patterson Park Ave is easy - Essex to Montford." fs

Re: Sparrows Point is in a “liquidity crisis,” union president says

Warpig — Wed, 16 May 2012 12:22:15 -0000

read the blog.. very interesting ..someone is not telling the truth here. Now do you believe RG or do you believe the union... question is which is the lesser of the two evils?

Re: Grand Prix racing into the unknown with latest team of promoters

Kim Trueheart — Wed, 16 May 2012 12:15:32 -0000

surelysirly ... Thanks, you've said it all!

Re: Sparrows Point is in a “liquidity crisis,” union president says

Get the facts — Wed, 16 May 2012 12:12:44 -0000

This rag seems more like a gossip column that an actual newspaper. Alot of the comments are out of line. Read the Steel Market Update if you want answers.

Re: BOE awards Grand Prix contract to Race On

Kim Trueheart — Wed, 16 May 2012 12:12:19 -0000

I hear they will be changing the name to "South Baltimore Grand Prix" to honor the neighborhoods directly benefiting in the deal.

Re: Creating a public recreation ethic for City Hall

Chris T. Delaporte — Wed, 16 May 2012 12:06:36 -0000

Tks. It will be corrected.

Re: Sparrows Point is in a “liquidity crisis,” union president says

Interested Party — Wed, 16 May 2012 12:06:19 -0000

Thank you Guest for posting a link to the article. It's good to see Mr. Packard actually going after both sides of the story rather than just the one side we get to read on here.

Re: Inmates rehabilitate Mount Auburn Cemetery

Really? — Wed, 16 May 2012 11:58:16 -0000

"It's funny how Abell finds the money to support work for inmates but Abell and the other shadow government groups can't muster any resources to provide jobs that keep these people out."
That statement's ridiculous. At least maybe look at their grants list and funding priorities before making these claims. Workforce development is funded by MANY "shadow government groups" (also ridiculous claim) and OF COURSE they'd love to keep folks out of prison.

Re: Inmates rehabilitate Mount Auburn Cemetery

Barnadine_the_Pirate — Wed, 16 May 2012 11:54:27 -0000

You really trivialize the crime of slavery by tossing the term around so lightly.

The inmates volunteered for the work detail and were paid for their labor, thus not meeting any meaningful definition of slavery. And inmates only became inmates after due process of law, unlike slaves.

Moreover, you have absolutely no f-ing clue what crime(s) the inmates on the work details were incarcerated for.