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Sale of Weirton tinplate business agreed

Post By: Organic Development on Monday, 22 January 2007

Arcelor Mittal, the world's largest steel company, has agreed to sell its tinplate plant and other steel finishing operations in Weirton, West Virginia, to Esmark Inc. to satisfy US antitrust concerns. The MOU is expected to lead to a definitive purchase agreement by 2 February, subject to approval by the US Department of Justice.

Esmark is a major steel distributor which recently won control of nearby Wheeling-Pittsburg Corp and plans to combine its steelmaking facilities with Weirton’s finishing operations. “We are excited...

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