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Severstal wants to buy Rouge Industries.

Publication: Metal Center News
Publication Date: 01-DEC-03
Format: Online - approximately 372 words
Delivery: Immediate Online Access
Full Article Title: Severstal wants to buy Rouge Industries.(Metal Industry News)

Article Excerpt
Rouge Industries Inc., Dearborn, Mich., has signed a non-binding letter of intent to sell substantially all company assets to Severstal, Russia, but U.S. Steel Corp. filed an objection against the debtors' expedited motion to establish bidding procedures in connection with the sale.

This legal maneuver may be a precursor to a purchase offer from...

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