Evraz Claymont Steel Holdings, Inc is a steel mill

Steel mill

A steel mill or steelworks is an industrial plant for the manufacture of steel.Steel is an alloy of iron and carbon. It is produced in a two-stage process. First, iron ore is reduced or smelted with coke and limestone in a blast furnace, producing molten iron which is either cast into pig iron or...

 located in Claymont, Delaware

Claymont, Delaware

Claymont is a census-designated place in New Castle County, Delaware, United States. The population was 9,220 at the 2000 census.-History:...

 specializing in the manufacture of custom-order discrete steel plate out of scrapped steel. The 425 acres (1.7 km²) plant houses an electric arc furnace mini-mill and employs approximately 500 people. The Evraz Group

Evraz Group

Evraz Group is one of the world's biggest vertically integrated steel production and mining businesses, with operations mainly in Russia. In 2008, Evraz Group produced 17.7 million tonnes of crude steel.-Overview:...

 acquired Claymont Steel from H.I.G. Capital

H.I.G. Capital

H.I.G. Capital is an alternative investment firm that operates a family of private equity and venture capital funds as well as distressed debt and public equity hedge funds...

 in 2008 for million. Claymont Steel (formerly CitiSteel) had previously been owned by China International Trust & Investment Corp.

CITIC

Not to be confused with Citigroup, another large financial services company.Not to be confused with CIT Group, another large financial services company....

, which bought it out of bankruptcy in 1989 from the former Phoenix Steel Corporation

Phoenix Iron Works

The Phoenix Iron Works , located in Phoenixville, Pennsylvania, was a significant manufacturer of iron and related products during the 19th century and early 20th century. Phoenix Iron Company was a major producer of cannons for the Union Army during the American Civil War...

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