{"id":9303,"date":"2014-05-13T14:56:15","date_gmt":"2014-05-13T14:56:15","guid":{"rendered":"https:\/\/staging.asminternational.org\/hts3-new\/results\/-\/journal_content\/56\/10192\/18841259\/NEWS\/"},"modified":"2023-02-07T04:49:59","modified_gmt":"2023-02-07T04:49:59","slug":"severstal-to-sell-its-steel-plants-in-michigan-and-mississippi","status":"publish","type":"post","link":"https:\/\/www.asminternational.org\/ims-new\/results\/-\/journal_content\/56\/10192\/18841259\/NEWS\/","title":{"rendered":"Severstal to sell its steel plants in Michigan and Mississippi"},"content":{"rendered":"<p>Severstal, Russia, reportedly plans to sell its North American steel operations in Mississippi and Michigan for about $1.5 billion. According to the <em>Wall Street Journal,<\/em> at least two potential buyers have expressed interest. U.S. Steel is said to be most interested in Severstal&#8217;s Dearborn mill, which supplies long steel coils to auto makers in Detroit.<\/p>\n<p>Severstal bought the Dearborn plant in 2003 from Rouge Industries for $285.5 million. It has spent over $1 billion upgrading the facility. Severstal&#8217;s plant in Columbus, Miss., is a minimill that makes steel from scrap.<\/p>\n<p>Brazil&#8217;s CSN, which recently &nbsp;lost a bid to buy a plant in Alabama from ThyssenKrupp AG, has reportedly expressed interest in buying both assets.<\/p>\n<p>A successful sale of the two plants would leave no Severstal plants in the United States. In 2011, Severstal sold three unprofitable U.S. plants\u2014in Maryland, Ohio, and West Virginia\u2014to family-owned Renco Group Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Severstal, Russia, reportedly plans to sell its North American steel operations in Mississippi and Michigan for about $1.5 billion.<\/p>\n","protected":false},"author":63082,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[446,439,454,440,441,1],"tags":[],"class_list":["post-9303","post","type-post","status-publish","format-standard","hentry","category-automobiles-and-ground-transportation","category-general","category-metals-and-alloys","category-news","category-news-articles","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Severstal to sell its steel plants in Michigan and Mississippi - International Metallographic Society - New<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Severstal to sell its steel plants in Michigan and Mississippi - International Metallographic Society - New\" \/>\n<meta property=\"og:description\" content=\"Severstal, Russia, reportedly plans to sell its North American steel operations in Mississippi and Michigan for about $1.5 billion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.asminternational.org\/ims-new\/results\/-\/journal_content\/56\/10192\/18841259\/NEWS\/\" \/>\n<meta property=\"og:site_name\" content=\"International Metallographic Society - New\" \/>\n<meta property=\"article:published_time\" content=\"2014-05-13T14:56:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-07T04:49:59+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.asminternational.org\\\/ims-new\\\/results\\\/-\\\/journal_content\\\/56\\\/10192\\\/18841259\\\/NEWS\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asminternational.org\\\/ims-new\\\/results\\\/-\\\/journal_content\\\/56\\\/10192\\\/18841259\\\/NEWS\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Severstal to sell its steel plants in Michigan and Mississippi\",\"datePublished\":\"2014-05-13T14:56:15+00:00\",\"dateModified\":\"2023-02-07T04:49:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.asminternational.org\\\/ims-new\\\/results\\\/-\\\/journal_content\\\/56\\\/10192\\\/18841259\\\/NEWS\\\/\"},\"wordCount\":160,\"articleSection\":[\"Automobiles and Ground Transportation\",\"general\",\"Metals and Alloys\",\"news\",\"News Articles\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.asminternational.org\\\/ims-new\\\/results\\\/-\\\/journal_content\\\/56\\\/10192\\\/18841259\\\/NEWS\\\/\",\"url\":\"https:\\\/\\\/www.asminternational.org\\\/ims-new\\\/results\\\/-\\\/journal_content\\\/56\\\/10192\\\/18841259\\\/NEWS\\\/\",\"name\":\"Severstal to sell its steel plants in Michigan and Mississippi - 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