LTV Sets Date To Auction Off Cleveland Mill

CLEVELAND – LTV Corp. announced on Friday afternoon that it has set a date to auction off the LTV Steel plant in Cleveland, 19/43 News reported.

The company will attempt to auction off the entire plant in its current state on Feb. 27 while it's still on hot idle.

If the mill can't be sold, the plant will go to cold idle, which would make future operation of the plant unlikely without significant capital investment.

LTV's East Chicago plant in Indiana is also on the auction block.

19/43 News will keep you posted on the very latest in the effort to save LTV's eastside Cleveland mill and its more than 3,200 jobs.