Latest SeverStal Stories
By Tom Miles The shake-out of bidders for the Brazilian iron ore miner Namisa has left contenders with deep pockets and big appetites, sources familiar with the bidding said, signaling that the owner, CSN, may sell a majority stake.
By Joe Napsha About 16,000 steelworkers at 12 U.S. Steel Corp. plants will benefit from a four-year contract overwhelmingly approved Tuesday.
Excerpt from report by Belarusian privately-owned news agency Belapan Minsk, 9 September: Russia's Severstal Steel Works wants to build a new steelworks in Belarus, the press office of the Belarusian Council of Ministers has said with reference to Belarusian Prime Minister Syarhey Sidorski.
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.
The Timken Company (NYSE: TKR) announced today that it is providing industrial services to Sparrows Point, a fully integrated steel mill based in Baltimore.
By Harris, Linda OAO Severstal Inc., the Russian steelmaker aiming to increase its toehold in the U.S. steel industry, has completed its acquisition of Esmark Inc., a deal that includes Wheeling-Pittsburgh Steel.
Russia's biggest steelmaker plans to buy fast-growing PBS Coals, which counts the Quecreek Mine among its operations in Somerset County. OAO Severstal of Cherepovets, Russia, said Friday it will acquire PBS for $1.3 billion to supply its U.S. operations with coking coal.
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Researched by Industrial Info Resources (Sugar Land, Texas) -- ArcelorMittal (NYSE:MT) (Luxembourg) is moving forward with the $1.2 billion expansion of the Monlevade Steel Mill, located about 110 kilometers from Belo Horizonte, the capital of Minas Gerais state in southeastern Brazil.
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.
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