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Last updated on April 24, 2014 at 17:35 EDT

Latest SeverStal Stories

2011-03-02 10:07:00

In the news release, Severstal North America Sells Warren, Wheeling, and Sparrows Point Facilities, issued March 2, 2011 by Severstal North America over PR Newswire, we are advised by the company that Raymond James and Associates, Inc. also acted as Severstal's financial adviser, (along with Evercore Partners), on Severstal's sale of its Warren, Wheeling, and Sparrows Point assets to the Renco Group, Inc. The complete, corrected release follows: Severstal North America Sells Warren,...

2011-03-02 08:21:00

PITTSBURGH, March 2, 2011 /PRNewswire-USNewswire/ -- The United Steelworkers (USW) today welcomed the announced stock purchase of Severstal's USW-represented assets by the Renco Group, including the former Wheeling-Pittsburgh Steel facilities in the Ohio Valley, including Wheeling Corrugating in Wheeling, WV and the Allenport facility in Allenport, PA; the former WCI Steel facility in Warren, Ohio and the former Bethlehem Steel facility in Sparrows Point, MD, along with a 50% ownership of...

2011-03-02 07:05:00

DEARBORN, Mich., March 2, 2011 /PRNewswire/ -- Severstal North America, a subsidiary of OAO Severstal, today announced that The Renco Group, Inc. has signed a definitive agreement to purchase Severstal's operations at Warren, OH, Wheeling, WV, and Sparrows Point, MD. The transaction is expected to close in March 2011, and is subject to customary closing conditions, including expiration or early termination of the Hart-Scott-Rodino waiting period. As transaction consideration, Severstal...

2011-01-19 06:53:00

DEARBORN, Mich., Jan. 19, 2011 /PRNewswire/ -- Severstal North America (SNA) announced today that it has achieved a favorable decision in a patent infringement lawsuit brought against SNA by ArcelorMittal France and ArcelorMittal Atlantique et Lorraine. The patent concerns some of the technology used in the production of aluminum-coated, boron-bearing carbon steel, the end use for which is predominantly in high-strength automotive applications. As a result of the decision, which was...

2010-12-28 15:15:00

CLEVELAND, Dec. 28, 2010 /PRNewswire-FirstCall/ -- Lincoln Electric Holdings, Inc. (Nasdaq: LECO) today announced that it has signed a definitive agreement to acquire OOO Severstal-metiz: welding consumables, a leading manufacturer of welding consumables in Russia and a subsidiary of OAO Severstal, one of the world's leading vertically integrated steel and mining companies. The transaction will include acquiring manufacturing operations and exclusive distribution rights of the Severstal...

2010-04-28 17:15:00

LOS ANGELES, April 28 /PRNewswire/ -- An affiliate of Aurora Capital Group has entered into a definitive agreement to purchase four steel service center facilities including Miami Valley Steel Service, Premier Resource Group, Electric Coating Technology, and U.S. Metals and Supply from Northern Steel Group, a subsidiary of Severstal North America. The new company will be a leading Midwest operator of steel service centers, with four facilities engaged in value added processing and...

2010-02-19 10:37:00

COLUMBUS, Miss., Feb. 19 /PRNewswire-FirstCall/ -- Severstal Columbus LLC ("Severstal Columbus" or the "facility"), a subsidiary of OAO Severstal (LSE: SVST, RTS: CHMF), has issued a US$525 million aggregate principal amount of eight-year callable senior secured notes at an original issue discount of 2% and an annual coupon rate of 10.25%. The order book has closed two times oversubscribed. Proceeds of the offering will be used to fully refinance all outstanding debt obligations...

2009-11-19 11:24:00

WHEELING, W.Va., Nov. 19 /PRNewswire/ -- The Yorkville, Ohio, cold rolling mill of Severstal Wheeling, Inc., will resume operations on December 13, 2009 to provide additional cold rolling capacity to Severstal North America. Yorkville, idled since June 2009, will finish sheet steel made at Severstal Sparrows Point for delivery to customers and Severstal Wheeling's Martins Ferry coating operation. The return to operation of the mill will better balance supply and finishing capabilities...

2008-10-23 09:00:27

GE Commercial Finance Corporate Lending today announced it has provided a $200 million asset-based credit facility to Severstal Warren, Inc., a steel producer and indirectly owned subsidiary of OAO Severstal. The loan will be used for ongoing working capital needs. Based in Warren, OH, Severstal Warren is an integrated flat-rolled steel producer with an annual raw steel capacity of 1.4 million tons. The company produces more than 185 grades of high-quality steel used by strip converters,...

2008-10-23 09:00:26

Money4Gold Holdings Inc. (OTCBB: MFGD) is pleased to announce that Mr. Neil McDermott has been appointed to its Board of Directors. Mr. McDermott has a long and distinguished career with particular knowledge and experience in the areas of land, capital and gold. He has a number of business interests in Ireland, the Ukraine and Estonia. In Ireland, his business interests include an investment company dealing in equities, commodities and currencies, a property development business, a...