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OAO Severstal announced that it has entered into separate definitive transaction agreements to sell its Severstal Columbus, LLC and Severstal Dearborn, LLC subsidiaries, collectively known as Severstal North America, to Steel Dynamics, Inc. and AK Steel Corporation, respectively, for a total cash consideration of USD 2 325 million.

The work to prepare and sign the agreements to sell the assets was launched in the end of 2013 and has now been successfully finalized. The transaction concludes the review of strategic options in relation to Severstal North America previously announced by Severstal.

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