Paris, May 11 (ANI): The world's largest steel group ArcelorMittal has said that it has finalised the 810 million dollars sale of a plant in the United States to Russian Steelmaker Severstal.
It was ordered to dispose of the Sparrows Point plant in Baltimore, Maryland, by US authorities as a condition for their clearance of Mittal Steel's acquisition of Arcelor last year.
A deal to sell Sparrows Point to US companies Esmark and Whelling-Pittsburgh failed at the end of last year when financing fell through.
ArcelorMittal has lodged a complaint with the New York state Supreme Court, seeking more than 540 million dollars in compensation over an August 2007 agreement to sell for 1.35 billion dollars. (ANI)
Sunday, May 11, 2008
ArcelorMittal steel group sells off US steel mill
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