U.S. orders Mittal to sell mill near Baltimore
The U.S. Justice Department ordered global steel giant Mittal Steel Co. to sell its Sparrows Point mill near Baltimore to settle antitrust issues raised by the Dutch company’s recent merger with Luxembourg-based Arcelor.
The proposed consent decree would allow Mittal to keep a Weirton, W.Va., mill that had volunteered to be sold to preserve competition for tin-plated steel, used primarily for food and aerosol cans.
Sparrows Point has about 2,400 workers and one of the largest blast furnaces in North America.
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