Tag Archives: Alexei Mordashov

Russia’s Severstal sells U.S. steel plants to AK Steel, Steel Dynamics

Russian billionaire Alexei Mordashov -Russia's Severstal sells U.S. steel plants to AK Steel, Steel Dynamics

Russia’s Severstal said it agreed to sell its two U.S. steel plants for $2.3 billion, withdrawing from the U.S. market at a time of rising tension between Russia and the West and turning its focus to its domestic business.