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Esmark Settles Lawsuit with Metal Management
04/01/2008 - Esmark confirms settlement of litigation between its wholly owned subsidiaries, Esmark Steel Service Group and Wheeling Pittsburgh-Steel and Metal Management, Inc.
Esmark Inc. confirmed settlement of litigation between its wholly owned subsidiaries, Esmark Steel Service Group, Inc. and Wheeling Pittsburgh-Steel Corp., and Metal Management, Inc. (MMI).
The litigation arose out of a commercial dispute relating to steel scrap purchased by Wheeling-Pittsburgh from MMI. The case has been pending in state court in New York since June 2007.
By mutual agreement, terms of the settlement were not disclosed.
Esmark Inc. is a vertically integrated steel producer and distributor, combining steel production capabilities through both blast furnace and electric arc furnace technologies with the just-in-time delivery of value-added steel products to a broad customer base concentrated in the Ohio Valley and Midwest regions. Currently headquartered in Wheeling, W.Va., the company produces carbon flat-rolled products for the construction, container, appliance, converter/processor, steel service center, automotive and other markets. The company's products include various sheet products such as hot rolled, cold rolled, hot dipped galvanized, electro-galvanized, black plate, and electrolytic tinplate.
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