ARCELORMITTAL TO SELL TWO OF IT U.S. OPERATION (LAPLACE AND HARRIMAN)

Steel giant ArcelorMittal said Thursday it has agreed to sell two of its U.S. steel operations to Black Diamond Capital Management for an undisclosed sum.

The transaction includes the sale of the LaPlace, La., steel facility, along with a rolling mill in Harriman, Tenn., which produces long steel products such as billets, angles, flats, channels and beams.

It also includes the Vinton facility, located in El Paso, Texas which produces rebar and grinding media, also long steel products.