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Mill in Maryland Is Sold to a Russian Stee
Severstal, Russia’s largest steel maker, will expand its presence in the United States with the $810 million acquisition of the Sparrows Point mill in Maryland, which ArcelorMittal is selling for antitrust reasons.

Severstal said on Friday that it expected to close the all-cash deal for the former Bethlehem Steel unit in the second quarter of 2008.

The capacity addition is equivalent to about 20 percent of the company’s crude steel output last year.

“We remain committed to growth in North America and believe in the long-term promise of the U.S. market,” said Severstal’s chief executive and main owner, Aleksei Mordashov.

Severstal is among several steel makers in Russia, the world’s fourth-largest steel producer, to have acquired assets in the United States by taking advantage of a weaker dollar to gain access to one of the world’s major steel-consuming markets.

The company owns the former Rouge Steel plant in Dearborn, Mich., and the SeverCorr joint venture in Columbus, Miss. But its North American unit was its worst performer

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