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'''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. The {{convert|425|acre|km2|adj=on}} plant houses an electric arc furnace mini-mill<ref>[http://www.claymontsteel.com/products_facilities.html Products & Facilities - Evraz Claymont Steel]</ref> and employs approximately 500 people.<ref>[http://www.claymontsteel.com/community_employees.html Community ECS Employees - Evraz Claymont Steel]</ref> The [[Evraz Group]] acquired Claymont Steel from [[H.I.G. Capital]] in 2008 for {{USD|564.8}} million.<ref>{{cite news |title=Evraz Group agrees to buy Claymont Steel for about 564.8 mln usd cash |author=Sandle, Paul |date=2007-12-10 |journal=AFX News Limited |publisher=Thomson Financial News |url=http://www.forbes.com/feeds/afx/2007/12/10/afx4420409.html}}</ref> Claymont Steel (formerly CitiSteel) had previously been owned by [[CITIC|China International Trust & Investment Corp.]], which bought it out of bankruptcy in 1989 from the former [[Phoenix Iron Works (Phoenixville, Pennsylvania)|Phoenix Steel Corporation]].<ref>{{cite news |title=IPO to pay hedge fund's dividend debt: The $115 million proceeds expected for Claymont Steel, Del., is just half what investors paid themselves. |author=Lowe, Benjamin Y. |date=2006-08-09 |url=http://www.accessmylibrary.com/premium/0286/0286-16310628.html | journal=The Philadelphia Inquirer}}</ref>
'''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.
The {{convert|425|acre|km2|adj=on}} plant houses an electric arc furnace mini-mill<ref>[http://www.claymontsteel.com/products_facilities.html Products & Facilities - Evraz Claymont Steel]</ref> and employs approximately 500 people.<ref>[http://www.claymontsteel.com/community_employees.html Community ECS Employees - Evraz Claymont Steel]</ref> The [[Evraz Group]] acquired Claymont Steel from [[H.I.G. Capital]] in 2008 for {{USD|564.8}} million.<ref>{{cite news |title=Evraz Group agrees to buy Claymont Steel for about 564.8 mln usd cash |author=Sandle, Paul |date=2007-12-10 |journal=AFX News Limited |publisher=Thomson Financial News |url=http://www.forbes.com/feeds/afx/2007/12/10/afx4420409.html}}</ref> Claymont Steel (formerly CitiSteel) had previously been owned by [[CITIC|China International Trust & Investment Corp.]], which bought it out of bankruptcy in 1989 from the former [[Phoenix Iron Works (Phoenixville, Pennsylvania)|Phoenix Steel Corporation]].<ref>{{cite news |title=IPO to pay hedge fund's dividend debt: The $115 million proceeds expected for Claymont Steel, Del., is just half what investors paid themselves. |author=Lowe, Benjamin Y. |date=2006-08-09 |url=http://www.accessmylibrary.com/premium/0286/0286-16310628.html | journal=The Philadelphia Inquirer}}</ref>


==References==
==References==

Revision as of 18:17, 23 January 2014

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 employs approximately 500 people.[3] 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. doi:14 October 2013. Retrieved 23 January 2014. {{cite web}}: Check |doi= value (help)
  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.