Hot off the Press


 

SHARE:  

Russian Steel Firm Joins Consortium
to Purchase Winner Steel

Russian Steel Firm Joins Consortium
to Purchase Winner Steel

Thursday, February 15, 2007
 
Novolipetsk Steel, a Russian flat-steel producer, has formed a consortium with Duferco U.S. Investment Corp. and Esmark Inc. to purchase the assets of Winner Steel, Sharon, PA, an independent galvanized-steel producer. It operates three galvanizing lines with combined annual capacity of 1.2 million tons. The consortium has entered into a letter of intent with Winner Steel, subject to negotiation. The deal should close in the second quarter of 2007. Learn more about Novolipetsk Steel at www.nlmksteel.com; Winner Steel is online at www.winnersteel.com. Duferco Group is based in Lugano, Switzerland, and is a global producer, processor and trader of steel products, including raw materials used to make steel. Esmark, Chicago, IL, is a family of steel-service centers.

 

Visit Our Sponsors