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MOSCOW, 21 March (RIA Novosti) - Severstal, Russia's largest steel producer, is to purchase a steel mill in the U.S. for $810 million, the company announced on Friday.
"The purchase of the Sparrows Point [steel mill] adds to our portfolio of American assets. The plant already has significant value and possesses the potential for growth," the company said in a press-release by its CEO, Alexei Mordashev.