Commercial Development to Raze Evraz Claymont Steel

Evraz Claymont Steel is slated for demolition by Commercial Development Company, Inc. (CDC). The Delaware mill, which has been idled since December 2013, will be sold by Evraz to CDC for an undisclosed figure by the end of the year.

CDC plans to “take the site through a brownfield-cleanup process, which will include the demolition of structures and the creation of a site that is pad-ready for vertical development,” according to CDC chief executive Randall Jostes in an AMM Nov. 11 report. A clean-up trust fund will be jointly financed by Evraz and CDC said Joste at a press conference on Monday.