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Steel Technologies Announces Joint Venture with Ferragon Corp.
August 9, 2001
Steel Technologies Inc., Louisville, Ky., reached an agreement in principal with Ferragon Corp., Cleveland, Ohio, to purchase 49% of the Ferragon's Ferrolux Metals Co. division in Wayne, Mich. Upon completion of the transaction, Ferragon Corp. will own 51% and Steel Technologies will own 49% of Ferrolux Metals, a steel producer
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