June 26: Following the acquisition of the Sparrows Point mill in the US earlier this year, Russian steelmaker Severstal has agreed this week to buy Esmark, which owns the Wheeling Pittsburgh mill in West Virginia.
Severstal’s chief executive Alexei Mordashov said: “This acquisition positions Severstal as one of North America’s leading integrated steel companies.
“With Esmark as part of our US portfolio, we’re well-positioned to provide domestic supply to a market that has a consistent demand for high quality steel.”

To continue reading,
please login or subscribe to The Canmaker

Previous articleManagement buy out for Guala Closures
Next articleCalm down dear – it’s canned relaxation