Summary
When Russian leader Nikita S. Khrushchev toured the United States in 1959, he visited Mesta Machine Co. in West Homestead to see a mill that made machine tool and steel mill equipment for the thriving steel industry.
Today, the Russians are doing more than just visiting steel mills and steel-supply plants to see how they work -- they're buying some of the nation's steel industry assets, thanks in large part to Russian tycoons who are worth billions of dollars, experts say.See the full content of this document
Extract
Russian Companies Spend Billions to Acquire Plants in Pennsylvania, West Virginia, Ohio
"The buying of U.S. companies by the Russian firms is a function of the size of these companies" that are bigger than Pittsburgh- based U.S. Steel Corp., said Bob Donnorummo, associate director of the Center for Russian and East European Studies at the University of Pittsburgh.
Russian companies own about 10 percent of the nation's steel industry a...See the full content of this document
Sponsored links
