Russia's Steel Producer Severstal Sells U.S. Assets for $2.3 Billion

ISTANBUL--July 22, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Russian steelmaking firm Severstal (LON:SVST) (Cherepovets, Russia) has agreed to sell its plants in North America to AK Steel (NYSE:AKS) (West Chester, Ohio) and Steel Dynamics (NASDAQ:STLD) (Fort Wayne, Indiana) for a total of $2.3 billion. Within this article: Details of sale of Severstal Michigan steel mills in Dearborn and Columbus.