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Purchase of the Baltimore mill will make Severstal the fourth largest steel producer in the U.S.
March 21, 2008 MOSCOW (AP) -- Russian steel company OAO Severstal said Friday it will buy Baltimore's Sparrows Point steel mill from ArcelorMittal for $810 million in cash.
Sparrows Point is a fully integrated mill.
The purchase will make Severstal the fourth largest steel producer in the U.S. Its North American division also includes a mill and other facilities in the Detroit area and in Columbus, Miss. …
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