Claymont Steel Sets IPO Terms

Claymont Steel Holdings Inc. (f.k.a. CitiSteel), a Claymont, Del.-based non-union maker of custom discrete steel plate, has set its proposed IPO terms to 6.25 million common shares being offered at between $15 and $17 per share. It plans to trade on the Nasdaq under ticker symbol PLTE, with Jefferies & Co. serving as lead underwriter. H.I.G. Capital holds a 99.3% pre-IPO position.