Kaiser Steel said it agreed to sell...

Kaiser Steel said it agreed to sell its Napa pipe mill, steel fabrication plant and other properties for $13 million to Gilmore Steel of Portland, Ore. A total of $7 million of the proceeds will be used to fund medical benefits for retirees, the company said. Kaiser Steel’s 7,000 retirees have been without medical benefits since January. The sale must be approved by a federal bankruptcy judge. Fontana-based Kaiser Steel has been operating under bankruptcy-law protection since February.