Russian steelmaker Severstal OAO said Monday it is selling its Dearborn unit formerly known as Rouge Steel to an Ohio company for $700 million as it exits North America.
The Russian company said it will sell its Severstal Dearborn LLC subsidiaries and Severstal Columbus LLC, collectively known as Severstal North America, to AK Steel Corp. and Steel Dynamics Inc., respectively, for $2.3 billion.
From The Detroit News:
http://www.detroitnews.com/article/2...#ixzz388s28FrE
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July-21-14, 04:50 PM #1
DetroitYES Member
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- Mar 2009
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Severstal out. AK Steel Corp is in. Rouge Steel has a New Parent!
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