Severstal weighing options for N. America unit

May 16, 2014 | 12:57 PM | Michael Cowden

Tags  OAO Severstal, Severstal North America, Dearborn plant, Columbus plant, steel, flat-rolled steel, Michael Cowden

CHICAGO — OAO Severstal has confirmed that it is considering a sale of its North American operations.

The Russian steelmaker is mulling "a range of strategic options" for Dearborn, Mich.-based Severstal North America Inc. as it looks to boost shareholder value, the company said.

But the Cherepovets-based company, which was responding "to media speculation," also hedged its bets as to what the outcome of that review process might be. "No decision has yet been taken as to which, if any, such option might be pursued," Severstal said on its website May 14.....

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