30-Day Low for US HRC Futures, Esmark Deal for Serbian U.S. Steel Plant Falls Apart

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Esmark Inc.‘s bid to take over a former U.S. Steel plant in Serbia fell apart this week when the Serbian government announced that it could not come to final terms with the Edgeworth, Pa.-based steel processor and distributor.

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The Pittsburgh Tribune-Review reported that Serbian Prime Minister Aleksandar Vucic said in a statement that officials wanted a guarantee that “Esmark would not spend all the raw materials and just leave Serbia with an explanation that there is no favorable market.”

 

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