Rouge Industries Inc. will be sold to Russian steel producer Severstal, following approval by a U.S. Bankruptcy Court judge. Severstal beat out rival bidder U.S. Steel for Rouge and its related subsidiaries: Rouge Steel Co., QS Steel Inc. and Eveleth Taconite Co., in a Dec. 19 auction. Rouge will use the proceeds to repay creditors and fund administrative expenses. Closing of the deal is expected Jan. 30. DuPont and Kansai Paint Ltd. agree to end their automotive-coatings joint-venture ...

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