Essar Global to Acquire Algoma Steel
Algoma Steel is an integrated steel producer with steel shipments of 2.4 million tons in 2006. Revenues are derived primarily from the manufacture and sale of rolled steel products. Essar Global is an international conglomerate operating in steel, oil and gas, power, communications, shipping and logistics, and construction. It has built a portfolio of assets with expected revenues of $10 billion by March 2008.