Latest Novolipetsk Steel Stories
By Joe Napsha When Russian leader Nikita S. Khrushchev toured the United States in 1959, he visited Mesta Machine Co. in West Homestead to see a mill that made machine tool and steel mill equipment for the thriving steel industry.
Carlyle Group, the world's second-largest private-equity firm, sold U.S. steelmaker John Maneely Co. to Russia's OAO Novolipetsk Steel for $3.5 billion, increasing its money sevenfold in two years.
Russia's leading steel producer Novolipetsk Steel said it had agreed to buy pipe and tube maker John Maneely Co. for $3.53 billion. The deal requires approval by the U.S. Committee on Foreign Investment.
By Graeme King A FAST-GROWING steel business in Gateshead has been bought out by the Ukraine's equivalent of Roman Abramovich.
MOSCOW. June 23 (Interfax) - Market players have convinced the Russian government not to introduce export duties on ferrous metals scrap and coking coal, but instead, to practice long-term contracts between companies, a source with a metallurgical company told Interfax.
- The act of burning, scorching, or heating to dryness; the state or being thus heated or dried.
- In medicine, cauterization.