by Associated Press Published: September 17,2014
Tags: acquisition, AK Steel, manufacturing, merger, sale, Severstal, Severstal Columbus LLC, Severstal Dearborn LLC, steel, Steel Dynamics Inc.
COLUMBUS — Russian steel company Severstal has completed its sale of a pair of steel plants to AK Steel and Steel Dynamics. In a statement from Severstal’s press office, CEO Alexey Mordashov confirmed yesterday the sale of Severstal Columbus, LLC, which is located in northeast Mississippi, to Steel Dynamics Inc. and Severstal Dearborn, LLC to […] [...]
by Associated Press Published: July 21,2014
Tags: acquisition, AK Steel, manufacturing, Russia, sale, Severstal, steel, Steel Dynamics, steelmaking, Ukraine
COLUMBUS — Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion. Word of a possible sale began to circulate earlier this year as the West threatened sanctions against Russia for its activity in the Ukraine, but Severstal has not […] [...]