US Steel (NYSE:X) Interested in Severstal's Wheeling Facility

With Russian steelmaker OAO Severstal looking to sell three plants based in the U.S., they have drawn interest in some of them from US Steel (NYSE:X) and Essar Steel from India.

Reportedly there are five suitors interested in the three U.S. steel plants, and Severstal has given all interested parties until October 22 to make a binding offer.

U.S. Steel has been said to be looking into the Wheeling plant located in West Virginia, and Essar Steel may make an offer for the Sparrows Point plant in Maryland.

Other companies showing interest in acquiring all three are Aurora Capital Group and Renco Group, both based in the U.S.