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Article: Mittal in talks to sell Weirton: Sale of W.Va. steel plant to Esmark would likely keep Sparrows Point in hands of conglomerate.
- Article from:
- The Baltimore Sun (Baltimore, MD)
- Article date:
- January 19, 2007
CopyrightCOPYRIGHT 2007 The Baltimore Sun. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Allison Connolly
Jan. 19--Sparrows Point owner Mittal Steel Co. NV said yesterday it is in negotiations with Esmark Inc. of Chicago to sell part or all of its plant in Weirton, W.Va., a sale that would likely keep the Baltimore County steel mill in the hands of the world's largest steel conglomerate.
Netherlands-based Mittal has previously said it would sell either Weirton or Sparrows Point to satisfy Justice Department concerns that Mittal would have a monopoly on tin production in the United States after its $33 billion merger with Arcelor SA of Luxembourg. The combined company, to be named Arcelor Mittal, would be the world's largest steel ...