Severstal is going to sell factories in the United States

The Russian Severstal, one of the world's largest metallurgical companies, received a proposal to sell two plants in the USA. It is reported by Bloomberg with reference to unnamed sources.

According to the agency, the American US Steel Corp. became interested in assets in the states of Michigan and Mississippi. and Brazilian Companhia Siderurgica Nacional. Earlier, The Wall Street Journal wrote that Severstal expects to help out to both plants up to $ 1.5 billion.

According to unconfirmed reports, Severstal began to receive proposals for the sale of enterprises in the United States in early 2014. Analysts consider the connection between the implementation of assets and the possible expansion of Washington’s sanctions against the Russian Federation.

Severstal bought a plant in Michigan in 2004 and since then invested about $ 1 billion in its development. Russian metallurgists have invested over $ 1 billion in the Mississippi enterprise in the Mississippi. In 2011, the company has already sold it to Maryland and Western Virginia, amid the fall of world prices for raw materials, including metals.