``Russian steelmaker Severstal OAO said Monday it is selling its Dearborn unit once known as Rouge Steel to a Pennsylvania company for $700 million as it exits North America. The Russian company said it will sell its Severstal Columbus, LLC and Severstal Dearborn, LLC subsidiaries, collectively known as Severstal North America, to Steel Dynamics, Inc. and AK Steel Corp., respectively, for $2.3 billion.''

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