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Severstal Agrees to Sell U.S. Facilities for US$2.325 Billion

21 Jul 2014 - OAO Severstal has entered into separate definitive transaction agreements to sell its Severstal Columbus LLC and Severstal Dearborn LLC subsidiaries, collectively known as Severstal North America, to Steel Dynamics Inc. and AK Steel Corporation, respectively, for a total cash consideration of US$2.325 billion.

AK Steel To Acquire Severstal Dearborn

21 Jul 2014 - AK Steel has signed an agreement to acquire Severstal North America's integrated steelmaking assets located in Dearborn, Michigan for US$700 million in cash.

Steel Dynamics Inc. To Acquire Severstal Columbus

21 Jul 2014 - Steel Dynamics Inc. has entered into a definitive agreement to acquire 100% of Severstal Columbus LLC (Columbus) from OAO Severstal.

Severstal and McKinsey to Evaluate Production Efficiency of BOF Cherepovets Mill

18 Jul 2014 - The Cherepovets Steel Mill (CherMK), part of the Russian Steel division of OAO Severstal, announced the launch of a project in conjunction with McKinsey, a global consultancy, to improve efficiency of basic oxygen steel production.

Severstal Agrees to Sell PBS Coals

18 Jul 2014 - OAO Severstal’s wholly-owned subsidiary 7027940 Canada Limited has entered into a definitive agreement with Corsa Coal Corp., a Canadian public company, for the sale of PBS Coals Inc., a metallurgical coal producer located in Pennsylvania, USA.

ITZ Commissions New Gap Closing Press from SMS Meer

02 Jun 2014 - Izhorsky Trubny Zavod (ITZ), based in Kolpino near St. Petersburg, Russia, has commissioned a new 25-MN GCP® gap closing press supplied by SMS Meer.


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