Former Kaiser Steel Chairman Monty H. Rial...

Former Kaiser Steel Chairman Monty H. Rial has offered to buy Kaiser Steel Corp., which is operating under bankruptcy court protection. Rial’s group, called Kaiser Investors Inc., has offered to pay $17.5 million plus a 6% royalty on gross revenue resulting from businesses using the Kaiser Steel assets. The group contends it is backed by $30 million in financing and has entered into a joint venture agreement with Pasadena-based Parsons Corp. to design, build and manage Kaiser’s proposed projects including a waste treatment plant in Fontana and a waste disposal site at Eagle Mountain, Calif.