Final Thoughts

Earlier today I learned that the deadline for offers to buy the assets connected to Severstal North America had been moved to July 11th. We originally reported the date as being July 2nd. None of the mills we contacted today were willing to share information about the bidding process or even if they had a good idea if the assets would indeed sell. One mill did tell us that the original idea was for Severstal to make a decision by the end of July. With the date being moved to the 11th this one mill felt that it would be sometime in August before they think they would know if the mills would indeed be sold.

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