$5.5-Billion Plant for $1.5 Billion.

Talk about a fire sale.
The Wall Street Journal is reporting that Thyssenkrupp will sell the $5.5 Billion Dollar steel plant it built in Mobile for $1.5 Billion Dollars. The paper reports

Mr. Mittal said the new owners could improve performance at the Alabama plant by using raw steel made at its U.S. and Mexican plants rather than relying so much on shipments from Brazil. Even so, ArcelorMittal and Nippon-Sumitomo pledged as part of the agreement to buy two million tons of raw steel annually from ThyssenKrupp's Brazil mill over six years.

There's no indication that any of that raw steel will come from Alabama.