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Severstal agrees to buy Sparrows Point.

Publication: Metal Center News
Publication Date: 01-APR-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: Severstal agrees to buy Sparrows Point.(METAL INDUSTRY NEWS)

Article Excerpt
ArcelorMittal has finally found a steel company to take Sparrows Point off its hands. Russian steelmaker OAO Severstal will acquire the Maryland-based tin mill for $810 million.

The sale of Sparrows Point was mandated by the U.S. Department of Justice for antitrust reasons due to the merger of Arcelor and Mittal. ArcelorMittal initially agreed to sell the Maryland facility to...

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