Evraz Claymont Steel

Evraz Claymont Steel Holdings, Inc is a steel mill located in Claymont, Delaware specializing in the manufacture of custom-order discrete steel plate out of scrapped steel. It was closed as of December 2013[1]

The 425-acre (1.72 km2) plant houses an electric arc furnace mini-mill[2] and employed approximately 500 people.,[3] with 375 losing their jobs at its closure. The Evraz Group acquired Claymont Steel from H.I.G. Capital in 2008 for US$564.8 million.[4] Claymont Steel (formerly CitiSteel) had previously been owned by China International Trust & Investment Corp., which bought it out of bankruptcy in 1989 from the former Phoenix Steel Corporation.[5]

References

  1. ↑ "Evraz Claymont Steel shutting down". Delaware Online. Gannett. 14 October 2013. Retrieved 23 January 2014.
  2. ↑ Products & Facilities - Evraz Claymont Steel
  3. ↑ Community ECS Employees - Evraz Claymont Steel
  4. ↑ Sandle, Paul (2007-12-10). "Evraz Group agrees to buy Claymont Steel for about 564.8 mln usd cash". AFX News Limited (Thomson Financial News).
  5. ↑ Lowe, Benjamin Y. (2006-08-09). "IPO to pay hedge fund's dividend debt: The $115 million proceeds expected for Claymont Steel, Del., is just half what investors paid themselves.". The Philadelphia Inquirer.


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