WRKF

business

Steel recycling company Bayou Steel has filed for protection under Chapter 11 of the Bankruptcy Code. The move comes a day after announcing it would be laying off 376 employees and shutting down its LaPlace-based steel mill.

According to documents filed in Delaware bankruptcy court Tuesday, the steel recycling company owes between $50 and $100 million to other businesses. Among the 30 entities owed the most, seven are based in Louisiana.

On June 30, WRKF is bringing the daily business show Marketplace back to the air, weekdays at 5:30 p.m. And you’ll hear the Marketplace Morning Report at 51 minutes past the hour during Morning Edition on weekday mornings.

The return of Marketplace gives us an excuse to talk with host, Kai Ryssdal, about how Louisiana fits in to the bigger economic picture.