SDI to get processor stake in Severstal NA deal

Jul 23, 2014 | 03:25 PM | Michael Cowden

Tags  Severstal, Severstal North America, Steel Dynamics, SDI, AK Steel, Mississippi Steel Processing, M&A, mergers and acquisitions Columbus

CHICAGO — Steel Dynamics Inc. (SDI) will garner about a 20-percent stake in Mississippi Steel Processing LLC as part of its $1.6-billion deal for OAO Severstal’s Columbus, Miss., mill, according to a purchase agreement filed with the U.S. Securities and Exchange Commission (SEC).

The Columbus flat-rolled toll processor adjacent to the mill was set up to serve SDI’s needs.....

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