The steelmaker is now seeking for a single buyer for these plants, employing som 6,000 workers.
The plants are the Sparrows Point complex near Baltimore; the former Wheeling-Pitt operations based in Wheeling, W.Va.; and the former WCI Steel mill in Warren, Ohio. The plants are reported to lose lots of mony.
Severstal reported a $1 billion loss last year, but said it was well-positioned for recovery.
Read more: Severstal Q1 Group highlights
A former owner of the Severstal steel mill has been named as a potential bidder.
Read more: Former Severstal executive indicted in US on tax dodge charges
American Metals Market, a Pittsburgh-based industry publication, reported last week that Ira Rennert, owner of The Renco Group, had submitted a bid for Severstal’s holdings in Warren, as well as those in Sparrows Point, Md., and Wheeling, W.Va. The bid, which would be backed by Los Angeles-based Aurora Capital Group, could be announced as early as this week, American Metals Market reported.