The board of directors for WCI Steel Inc.,
"During the past few months, the board of directors has carefully evaluated strategic alternatives and has concluded that the sale of WCI Steel to Severstal is in the best interests of the shareholders and will enable the
The acquisition is subject to customary closing conditions, including approval under the
WCI Steel is an integrated producer of value-added, custom steel products serving niche markets. The company emphasizes customer and technical service and produces produces 185 grades of flat-rolled custom and commodity steel products at its
OAO Severstal is an international metals and mining company with a listing on the Russian Trading System and the London Stock Exchange. Incorporated in 1993, the company focuses on high-value-added and unique niche products and has a successful track record of acquiring and integrating high-quality assets in North America and
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