Usw: Severstal Should Take Over Wheeling-Pitt

Summary


MORGANTOWN - The United Steelworkers union, angered by Esmark Inc.'s plan to lay off workers at Wheeling-Pittsburgh Steel, said Wednesday it is in talks with Severstal North America Inc. and others to pursue a buyout of the twice-bankrupt steelmaker.

"We need a new partner, and we think Severstal is that partner," said John Saunders, a USW contract coordinator and member of Local 1238 in Martins Ferry, Ohio.

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Extract


Usw: Severstal Should Take Over Wheeling-Pitt

Severstal, which has a joint partnership with Wheeling-Pitt, already owns 50 percent of the Follansbee coke plant and is a company the union works with daily.

"Severstal has shown an int...

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