“The sale of Warren, Wheeling and Sparrows Point marks a strategic refocusing of our North American operations,” said Sergei Kuznetsov, CEO, Severstal International. “The sale of these assets will enable Severstal North America to evolve into a stronger and more focused organization that is better able to serve our North American customers.”

The Renco Group is a family-owned, private holding company that makes long term investments in companies across a range of industries including mining, mineral recovery, metals production/fabrication, defense and automotive supply industries.