ALTON – Alton Steel Inc. at 5 Cut Street in Alton has announced that bidding for the remaining assets of the 2,000,000 square foot steel mill will take place in an online auction.
The bidding closes on April 8, 9, and 10, 2026, at 10 a.m. Central Standard Time each day. A preview will take place on April 6-7-8, 2026, from 9 a.m. to 5 p.m. each day.
The auction will be managed by GA Group & Capital Recovery Group on behalf of Alton Steel.
The assets featured in the auction are as follows:
- Bar-in Coil Line
- Moeller Neumann Continuous Rolling Mill
- Roll Bar Straighteners
- Bar Peeler
- Chem & Metrology Lab
- Mannesmann Demag 220-Ton Electric Arc
- Material Handling
- Machine Shop
- Plant Support
- Transformers
- Large Quantity of MRO Spares/Consumables
- Overhead Bridge Cranes
Alton Steel Inc. announced a permanent shutdown in late January 2026 after 25 years of operation, impacting over 250 employees.
The Alton Steel Mill said the closure was driven by insurmountable challenges, including aging infrastructure, intense market competition from larger, public companies, and industry consolidation.
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