NLMK acquires full control of JV with Italy’s Duferco for $600 mln

Russia’s fourth largest steelmaker Novolipetsk Steel (NLMK) has signed a binding agreement to buy a 50 percent interest in Steel Invest and Finance (SIF) from Italy’s Duferco for $600 million to become a 100 percent owner of the two companies’ joint venture, NLMK said in a statement on Thursday. The cash will be paid in […]