Severstal Emerges as Winner in Esmark Tug-of-War

July 2008
Metal Center News;Jul2008, Vol. 48 Issue 8, p34
Trade Publication
The article reports on the merger agreement between Severstal and Esmark Inc. Severstal will acquire all of Esmark's businesses including Wheeling-Pittsburgh Steel Corp., Esmark Steel Services Group and the remaining 50% ownership of the joint venture Mountain State Carbon. Restructuring plans includes the maximization and optimization of electric arc furnace production, improving of downstream operations and leveraging synergies and geographical alignment between North American assests.


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