Russia's Severstal buys Sparrows Point mill

21/03/2008 - 8:40

MOSCOW (Reuters) - Russian steel maker Severstal will buy U.S. mill Sparrows Point from ArcelorMittal for $810 million, the Russian company said in a statement on Friday.

It said the deal would be closed in the second quarter of 2008.

(Reporting by Dmitry Zhdannikov; editing by Robin Paxton)

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