Russian steel giant Severstal Steel seeks to buy Stelco Inc.

Yahoo! News: “Russia’s Severstal Steel has made an offer to buy Stelco Inc., in what’s believed to be one of several competing offers emerging for the restructuring but profitable Hamilton steel producer.

Severstal – the largest Russian producer of steel and metal products – made its intentions public Tuesday, when Stelco’s board was scheduled to meet to start examining offers for all or parts of the company. “

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