Severstal North America completes sale of select Northern Steel Group assets to Aurora Resurgence

Severstal North America has completed the sale of certain assets operated under Northern Steel Group, Inc., a leading steel services business, to an affiliate of Aurora Resurgence, a Los Angeles, Calif., private equity fund.

The sale includes Miami Valley Steel Service, Piqua, Ohio; Premier Resource Group, Lombard, Ill.; Electric Coating Technology, East Chicago, Ind., and U.S. Metals and Supply, St. Louis, Mo.

On April 26, 2010, Severstal and Aurora Resurgence signed a sale agreement for these assets.