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Latest Severstal North America Stories

2011-07-13 10:22:00

DEARBORN, Mich., July 13, 2011 /PRNewswire/ -- Severstal North America ("Severstal"), a subsidiary of OAO Severstal, today announced that it has received a conditional commitment for a $730 million loan from the U.S. Department of Energy. The proceeds from the loan will be used to design, manufacture, and construct Severstal's finishing facilities in Dearborn, Michigan, which will produce the next generation of advanced high strength steels (AHSS) for automotive applications. AHSS is a...

2011-06-24 10:52:00

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...

2011-06-20 07:43:00

DEARBORN, Mich., June 20, 2011 /PRNewswire/ -- Severstal North America, one of the top steelmakers in the United States, is pleased to announce the appointment of Saikat Dey as Vice President, Strategy and Business Development. As a key member of SNA's management team, Mr. Dey will be responsible for driving the company's business strategies in North America and leading the parent company's joint venture initiative in India. Mr. Dey joins SNA from McKinsey and Company where he served as...

2011-05-11 07:51:00

DEARBORN, Mich., May 11, 2011 /PRNewswire/ -- Severstal North America announced today that it has achieved a favorable decision in a patent reexamination proceeding before the United States Patent and Trademark Office (USPTO) brought by Severstal regarding United States Patent 6564,604, owned by ArcelorMittal. 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...

2011-03-02 10:07:00

In the news release, Severstal North America Sells Warren, Wheeling, and Sparrows Point Facilities, issued March 2, 2011 by Severstal North America over PR Newswire, we are advised by the company that Raymond James and Associates, Inc. also acted as Severstal's financial adviser, (along with Evercore Partners), on Severstal's sale of its Warren, Wheeling, and Sparrows Point assets to the Renco Group, Inc. The complete, corrected release follows: Severstal North America Sells Warren,...

2011-03-02 07:05:00

DEARBORN, Mich., March 2, 2011 /PRNewswire/ -- Severstal North America, a subsidiary of OAO Severstal, today announced that The Renco Group, Inc. has signed a definitive agreement to purchase Severstal's operations at Warren, OH, Wheeling, WV, and Sparrows Point, MD. The transaction is expected to close in March 2011, and is subject to customary closing conditions, including expiration or early termination of the Hart-Scott-Rodino waiting period. As transaction consideration, Severstal...

2011-01-19 06:53:00

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...

2010-04-28 17:15:00

LOS ANGELES, April 28 /PRNewswire/ -- An affiliate of Aurora Capital Group has entered into a definitive agreement to purchase four steel service center facilities including Miami Valley Steel Service, Premier Resource Group, Electric Coating Technology, and U.S. Metals and Supply from Northern Steel Group, a subsidiary of Severstal North America. The new company will be a leading Midwest operator of steel service centers, with four facilities engaged in value added processing and...

2009-11-19 11:24:00

WHEELING, W.Va., Nov. 19 /PRNewswire/ -- The Yorkville, Ohio, cold rolling mill of Severstal Wheeling, Inc., will resume operations on December 13, 2009 to provide additional cold rolling capacity to Severstal North America. Yorkville, idled since June 2009, will finish sheet steel made at Severstal Sparrows Point for delivery to customers and Severstal Wheeling's Martins Ferry coating operation. The return to operation of the mill will better balance supply and finishing capabilities...


Word of the Day
omadhaun
  • A fool; a simpleton: a term of abuse common in Ireland and to a less extent in the Gaelic-speaking parts of Scotland.
This word is partly Irish in origin.