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Esmark Incorporated News

Esmark Incorporated Completes the Sale of Its Minority Interest in Wheeling-Nisshin

WHEELING, W.Va., March 14 PRNewswire-FirstCall — Esmark Incorporated (Nasdaq: ESMK) today announced it has completed the sale of its minority equity interest in Wheeling-Nisshin, Inc. for $71.4 million to Nisshin Holding, Inc. Net proceeds were used to reduce long-term debt.

About Esmark Incorporated

Esmark Incorporated is a vertically integrated steel producer and distributor, combining steel production capabilities through both blast furnace and electric arc furnace technologies with the just-in-time delivery of value-added steel products to a broad customer base concentrated in the Ohio Valley and Midwest regions. Currently headquartered in Wheeling, WV, the Company is a producer of carbon flat-rolled products for the construction, container, appliance, converter/processor, steel service center, automotive and other markets. The company's products include various sheet products such as hot rolled, cold rolled, hot dipped galvanized, electro-galvanized, black plate and electrolytic tinplate. More information about Esmark can be found at http://www.esmark.com.

SOURCE Esmark Incorporated

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