June 24, 2011

Severstal North America Named the Winner of American Metal Market’s 2011 Award for Steel Excellence

DEARBORN, Mich., June 24, 2011 /PRNewswire/ --- Severstal North America named the winner for Best Brownfield Technology in American Metal Market's 2011 Awards for Steel Excellence.

Severstal's efforts to remediate a steelworks site in Dearborn, originally built by Henry Ford in 1918, include a $740 million modernization program that consists of a new cold rolling complex and galvanizing line targeting critically exposed applications for automotive customers and other original equipment manufacturers.

"We are honored to be a recipient of this prestigious award from the American Metal Market. We are grateful for the continued support from the City of Dearborn and the State of Michigan to help make these projects happen. We are looking forward to serving our customers with a wider range of superior products, especially in the advanced high strength steel market, as a result of these transformations," said Sergei Kuznetsov, Chief Executive Officer, Severstal North America.

The awards recognize advancements rooted in pioneering and implementing business improvements that have delivered real change to the steel industry. "The award winning companies have shown tremendous creativity, inventiveness and are pioneers in creating the way to a better future for the steel industry," said Raju Daswani, president of American Metal Market. "AMM's Awards for Steel Excellence recognize the key contributions of companies and individuals who through acumen, management, innovation and plain hard work are reinventing the steel supply chain."

Upon completion of the capital improvement programs at Dearborn and Columbus, SNA's combined annual steelmaking capacity will reach 6.0 million tons, cold rolling capacity will increase to 3.6 million tons, and galvanizing capacity to 2.4 million tons.

About Severstal North America:

Severstal North America is a major steelmaker in the United States and specializes in the full range of the high quality light flat rolled products. Fully integrated operations and corporate headquarters are located in Dearborn, Michigan. A new state-of-the-art electric arc furnace operation in Columbus, Mississippi serves the growing demand for steel in the southeastern United States. Severstal North America also has several joint ventures for the high quality, value-added coated products, as well as a jointly owned coke-making facility Mountain State Carbon. Severstal North America is a wholly-owned subsidiary of OAO Severstal, one of the world's largest vertically integrated steel and mining companies. Visit our website at www.severstalna.com or follow us on Twitter at http://twitter.com/SeverstalNA

About American Metal Market:

Since its first print issue published in 1882, AMM has been the trusted name in metals industry information. Industry leaders, decision-makers and purchasing executives at primary metals producers, service centers, metals consuming end-users, original equipment manufacturers, steelmakers and metals recyclers worldwide read the publication daily. Readers rely on AMM to assist them throughout the critical day-to-day decision-making process, helping them to manage, operate and make strategic purchasing decisions for their company.

AMM provides exclusive news and pricing information for the ferrous and nonferrous metals markets with a focus on North America and world markets where applicable. As a member of the Metal Bulletin family of publications, AMM also offers direct access to the global markets through its sister publications, research newsletters, information directories and worldwide conferences.

SOURCE Severstal North America