M&A Deal Summary

Severstal Acquires WCI Steel

On May 16, 2008, Severstal acquired metals/mining company WCI Steel for 140M USD

Acquisition Highlights
  • This is Severstal’s 1st transaction in the Metals/Mining sector.
  • This is Severstal’s largest (disclosed) transaction.
  • This is Severstal’s 1st transaction in the United States.

M&A Deal Summary

Date 2008-05-16
Target WCI Steel
Sector Metals/Mining
Buyer(s) Severstal
Deal Type Add-on Acquisition
Deal Value 140M USD

Target

WCI Steel

United States
WCI Steel, Inc. is a production of value-added steel products.

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Buyer(S) 1

Buyer

Severstal

Moscow, Russia

website


Category Company
Founded 1955
Sector Metals/Mining
Revenue 11.6B USD (2021)
DESCRIPTION

Severstal is a Russian steel producer. Severstal was founded in 1955 and is based in Moscow, Russia.


DEAL STATS #
Overall 1 of 2
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (United States) 1 of 2
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-21 Severstal Columbus

Columbus, Mississippi, United States

Columbus is a North American mini-mill with an estimated annual hot roll production capacity of 3.4 million tons. Columbus produces a broad range of high-quality hot-rolled, cold-rolled and galvanized sheet products for customers primarily in the distributor, construction, automotive and pipe and tube markets. Columbus is strategically located in Mississippi to serve the high-growth markets in the Southern U.S. and Mexico.

Sell $1.6B