On July 27, seven months after emerging from Chapter 11, Laclede Steel Co. once again filed to be put under its protection while the company attempts to close its steel-making facility in Alton, Ill., and sell its Pipe Division in Fairless Hills, Pa. The Pipe Division will continue normal operations during the sale process.
President and CEO David Higbee blamed "surging imports and the continued depression in the market for steel products."