Severstal Wins Patent Infringement Lawsuit
DEARBORN, Mich., Jan. 19, 2011 /PRNewswire/ — Severstal North America (SNA) announced today that it has achieved a favorable decision in a patent infringement lawsuit brought against SNA by ArcelorMittal France and ArcelorMittal Atlantique et Lorraine. The patent concerns some of the technology used in the production of aluminum-coated, boron-bearing carbon steel, the end use for which is predominantly in high-strength automotive applications.
As a result of the decision, which was reached in a Delaware U.S. District Court on January 14, 2011, Severstal is able to sell this aluminum-coated, boron-bearing carbon steel effective immediately. In anticipation of this decision, Severstal indicated that it has already developed the necessary expertise to provide the aluminum coated boron- bearing carbon steel per the specifications of the automotive manufacturers.
“We are very pleased with the verdict in this matter,” said Sergei Kuznetsov, Chief Executive Officer of Severstal International. “We have complete confidence in our ability to produce and sell these products, and we are looking forward to better meeting the needs of our automotive customers as a result of this decision,” Mr. Kuznetsov continued.
About Severstal North America:
Severstal North America is the fourth largest steelmaker in the United States and specializes in the full range of the highest quality light flat rolled products. Fully integrated operations are located in Michigan, Maryland, Ohio and West Virginia. A new state-of-the-art electric arc furnace operation in Mississippi serves the growing demand for steel in the southeastern United States. Severstal North America also has several joint ventures for the highest quality coated products.
About OAO Severstal:
OAO Severstal is an international metals and mining company with a listing on the Russian Trading System, Moscow Interbank Currency Exchange and the London Stock Exchange. Incorporated in 1993, the company focuses on high value added and unique niche products and operates high-quality assets in Russia, North America and Europe.
SOURCE Severstal North America