FOR IMMEDIATE RELEASE Esmark, Inc. Subsidiary To Achieve $250 Million Annual Revenue Target By End of 2010 CHICAGO, IL, May 20, 2010 – Esmark Steel Group, the wholly-owned steel services subsidiary of diversified holding company Esmark, Inc., today announced that it has completed the acquisitions of five steel service centers in Illinois and Ohio from OAO Severstal. Terms of the acquisitions were not disclosed. Esmark Steel Group acquired the assets of Century Steel and Sun Steel in Chicago Heights, Illinois, and Independent Steel in Cleveland, Ohio. In addition, the company acquired the intellectual property assets, brand names and trademarks of Chicago-based Great Western Steel...

May 20, 2010, Bloomberg Businessweek, By Edmond Lococo (Updates with comment from analyst in fourth paragraph.) Esmark Inc., which sold its steel assets to Russia’s OAO Severstal in 2008, repurchased three processing plants that were part of the earlier transaction as Severstal exits that business in the U.S. Esmark acquired Sun Steel and Century Steel, both in Chicago Heights, Illinois, and Independent Steel, which is based in Cleveland, Thomas Modrowski, chief executive officer of closely held Esmark’s steel group, said today in an interview. The plants together employ about 200 and have an annual processing capacity of about 300,000 metric tons of flat-rolled...