Steel Mills
May 10, 2014
Severstal Begins Sale Process for Dearborn and Columbus Steel Mills
Written by John Packard
Steel Market Update sources confirmed that the two Severstal North America (NA) steel mills are for sale. At 7.0 million tons of steelmaking capacity, Severstal NA is the fourth largest flat rolled steel producing mill in the United States.
Rumors of the possible sale of the Dearborn and Columbus facilities had been circulating around the steel industry for a number of months. Earlier this week, Steel Market Update interviewed Saikat Dey, Severstal NA CEO and we asked him about the rumors of the mill being for sale. He responded that the company had “no comment” at that time.
