Two tinplate mills that supply the canmaking industry are involved in the sale of Severstal’s North American steelmaking operations to The Renco Group.
Russian-owned Severstal, one of the world’s leading steelmakers, agreed last week to sell its facilities at Warren, Ohio; Wheeling, West Virginia; and Sparrows Point, Maryland for US$542 million in cash, secured notes and repayment of debt, plus other liabilities totalling $650m.
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