Quantcast

Latest SeverStal Stories

2008-08-05 00:00:24

MOSCOW, Aug. 5 /PRNewswire-FirstCall/ -- OAO Severstal (LSE: SVST; RTS: CHMF), one of the world's leading metals and mining companies, today announced that it has completed its acquisition of Esmark Incorporated, a manufacturer and distributor of flat rolled and other steel products. The acquisition was completed pursuant to the merger of Severstal Wheeling Acquisition Corp., a wholly-owned subsidiary of Severstal, with and into Esmark. Esmark, as the surviving corporation in the merger, is...

2008-07-30 15:00:58

To: STATE EDITORS Contact: Darci E. McConnell of McConnell Communications, Inc., for Laborers' Local 1191, +1-313-237-0100, +1-313-686-8094 DETROIT, July 30 /PRNewswire/ -- Laborers' Local 1191 has reached an agreement with Severstal North America, the union's leadership said Wednesday. The agreement comes after more than 300 members of the union picketed in front of the integrated steel company this past Monday, July 28. The picket was to protest the company's use of an...

2008-07-28 06:01:05

To: LABOR EDITORS Contact: Darci E. McConnell of McConnell Communications, Inc., +1- 313-237-0100, or +1-313-686-8094, for Laborers' Local 1191 DEARBORN, Mich., July 28 /PRNewswire/ -- More than 300 members of Laborers' Local 1191 are picketing in front of Severstal North America today, in protest of the integrated steel company's use of an out-of-state, non-unionized company for its demolition project. Laborers' Local 1191, one of the state's largest construction unions, will begin...

2008-07-23 21:00:33

MOSCOW. July 23 (Interfax) - Mining giant Anglo American has discussed the possibility of launching operations in Russia with officials form the Russian Ministry of Natural Resources and Ecology. Russian Deputy Minister of Natural Resources and Ecology Sergei Donskoy held a working meeting with Anglo American's Senior Executive Vice President for Business Development Paul Cahill to discuss the corporation's investment in the Russian mining sector, the Natural Resources Ministry's press...

2008-07-18 00:00:27

By Tim Huber It's been more than a century since J.P. Morgan, Andrew Carnegie and other U.S. steel barons built mining empires that dominated life across wide swaths of Central Appalachia's coalfields, securing essential fuel for their mills. Bits of that history are starting to repeat themselves. Decades after tough economic times forced steel makers to abandon company towns and sell their coal mines, 21st-century steelmakers are back in the hunt for coal. This time, rather than the...

2008-07-17 00:00:27

By Tim Huber It's been more than a century since J.P. Morgan, Andrew Carnegie and other U.S. steel barons built mining empires that dominated life across wide swaths of Central Appalachia's coalfields, securing essential fuel for their mills. Bits of that history are starting to repeat themselves. Decades after tough economic times forced steel makers to abandon company towns and sell their coal mines, 21st century steelmakers are back in the hunt for coal. This time, rather than the...

2008-07-16 00:00:25

WHEELING - Russia's OAO Severstal plans to take Esmark Inc. off the public stock market after an upcoming buyout that was nearing completion Monday. In a filing with the Securities and Exchange Commission, Severstal also reported that Franklin Mutual Advisors has tendered 23.74 million Esmark shares, or 60.1 percent of the company, to the Russian firm. Severstal's tender offer expires at midnight Friday. Severstal is buying the parent of Wheeling-Pittsburgh Corp. for $760 million, plus...

2008-07-09 00:00:23

Russian steelmaker OAO Severstal said Monday it has finished its $140 million acquisition of WCI Steel, a Warren, Ohio-based producer of value-added steel products. WCI Steel will be known as Severstal Warren Inc. WCI's total annual steel-making capacity of 1.22 million metric tons is focused on high-quality, custom flat-rolled steel for use in demanding applications. WCI will help solidify Severstal's position as one of North America's leading producers of high-quality flat-rolled...

2008-07-07 15:00:37

WARREN, Ohio, July 7 /PRNewswire-FirstCall/ -- The sale of WCI Steel Inc. to OAO Severstal was completed today, providing "a bright future built on a proud past" for its employees, customers, suppliers and community, said Leonard M. Anthony, outgoing president and chief executive officer of WCI Steel. "Since 1912, steel has been made in Warren, providing good-paying jobs for hundreds of thousands of people during its nearly 100 years of operation. Over the years, the changes in ownership...

2008-07-07 15:00:37

MOSCOW, July 7 /PRNewswire-FirstCall/ -- OAO Severstal (LSE: SVST; RTS: CHMF; "the Company"), one of the world's leading metals and mining companies, today completed its previously announced acquisition of WCI Steel, a market leader in the production of value-added steel products based in Warren, Ohio. WCI Steel will be known as Severstal Warren, Inc. Severstal acquired all of the outstanding equity of WCI for a total cash consideration of US$140 million. WCI's total annual steel-making...


Word of the Day
bodacious
  • Remarkable; prodigious.
  • Audacious; gutsy.
  • Completely; extremely.
  • Audaciously; boldly.
  • Impressively great in size; enormous; extraordinary.
This word is probably from the dialectal 'boldacious,' a blend of 'bold' and 'audacious.'
Related