AMERISTEEL TO BUY BIRMINGHAM FACILITY

摘要

Birmingham Steel Corp. signed an agreement to sell its merchant bar minimill in Cartersville, Ga., to AmeriSteel Corp., Tampa, Fla., a U.S. subsidiary of Gerdau S.A. of Rio de Janeiro, Brazil, effective Dec. 31.The transaction is subject to regulatory approvals and approval by the lenders of Birmingham Steel and Birmingham Southeast. The Cartersville plant is part of BSE LLC, which is 85 percent owned by Birmingham Steel and 15 percent owned by Ivaco Inc., Montreal.