Wheeling-Pittsburgh Corporation

Russia's OAO Severstal has completed its acquisition of Esmark Inc. for $760 million plus the assumption of debt and loans. Esmark announced the deal's completion yesterday. Severstal's assumption of debt and loans puts the deal's total value at $1.25...

Russia's OAO Severstal, the new owner of the Sparrows Point steel mill in Baltimore County, plans to take Esmark Inc. off the public stock market after completing its buyout of the company, a deal that was well on its way to completion yesterday. In a...

Esmark Inc. said yesterday that it will "vigorously defend" against what it calls a "frivolous" lawsuit filed against the steel company by ArcelorMittal for failing to complete a $1.35 billion purchase of the Sparrows Point steel mill in Baltimore County....

The court-appointed trustee overseeing the sale of Sparrows Point will make his first visit to the plant today as he works to find a new buyer for the Baltimore County steel mill. Joseph G. Krauss, a partner at the Washington law firm Hogan & Hartson...

Each day, rail cars carrying steel slabs minted some 300 miles east at Baltimore County's Sparrows Point mill arrive at Esmark Inc.'s Wheeling-Pittsburgh plant here. Huge trucks with claws in their underbellies grab the slabs and haul them to Wheeling-...

The local that represents workers at Sparrows Point is questioning the sale of the plant to an investment group led by Chicago-based Esmark Inc. United Steelworkers Local 9477 President John Cirri said yesterday that he sent a formal letter to the...

As a fifth-grader, James P. Bouchard went on a tour of the Inland Steel mill with his father, an executive at the Chicago plant, and from then on knew what he wanted to do with his life. "My father was my hero and my idol," Bouchard, 45, said yesterday....

Official word began trickling in by e-mail, fax and cell phone before dawn yesterday to workers on the early shift. By midday, one way or another, most all of the 2,100 or so hourly workers at the Sparrows Point steel mill had been told the name of the...

The multinational joint venture taking over the Sparrows Point steel mill is a mixture of big steel buyers, distributors and iron ore suppliers who pledge to boost slab production at the plant and give it the kind of stability its three past owners failed...

A multinational joint venture that has pledged to reverse years of downsizing at the Sparrows Point steel mill said yesterday that it has won Justice Department approval to buy the Baltimore County plant for $1.35 billion. E2 Acquisition Corp., the...

For the third time in as many years, Sparrows Point is up for sale. And this time it's a rush job. The Justice Department wants the sprawling Baltimore County steel plant to be under new ownership within 90 days to make sure that its current boss, Mittal...

Monday: -- Earnings: Basic Energy Services Inc.; Churchill Downs Inc.; Cogent Communications Group Inc.; Jo-Ann Stores Inc.; Rockwood Holdings Inc.; Spartech Corp. Tuesday: -- February retail sales -- January business inventories -- Earnings: Boston Beer...