PHOENIX STEEL RECEIVES OFFER FOR CLAYMONT MILL
<Phoenix Steel Corp> said a group
of investors offered to buy its Clayton steel plate mill for
eight mln dlrs and the assumption of a bond obligation.
   Phoenix did not disclose the indentity of the investors.
    Phoenix was forced to close the Clayton mill last month.
    The company said the offer represents a major step in
restructuring the company.
 Reuter
