Following its acquisition of Oregon Steel earlier in 2007, Evraz Group SA has announced plans to expand its North American presence with the acquisition of Delaware-based Claymont Steel for approximately $565 million. Upon completion of the transaction, Claymont Steel will become a subsidiary of Evraz. The offer, which is expected to commence during the week of Dec. 17, will be subject to customary conditions, including antitrust clearance.

Evraz Group SA produced 16.1 million metric tons of crude steel in 2006. Claymont Steel manufactures and sells custom discrete steel plate in North America.