Severstal may pay debts due to sale of its plants in the USA

Severstal may pay off its debts by selling its plants, located in the United States, the main owner Alexei Mordashov reported on Tuesday.

"I lookin for an increase in profitability. By sellin our U.S. assets, we will be able to liquidate Severstal’s debt, to make the company much more stable and to increase its profitability. This is a very interesting option for us," - Mordashov said to reporters in Moscow.

Earlier, a source told the Reuters that Severstal had received several offers for the purchase of its two plants in the USA.