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Latest SeverStal Stories

2014-07-21 04:20:48

- $1.625 billion acquisition of Severstal Columbus to be funded with available cash and debt FORT WAYNE, Ind., July 21, 2014 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that it has entered into a definitive agreement to acquire 100% of Severstal Columbus, LLC ("Columbus") from OAO Severstal. Located in northeast Mississippi, Columbus is one of the newest and most technologically advanced mini-mills in North America. Steel Dynamics will purchase...

2014-07-21 04:20:43

WEST CHESTER, Ohio, July 21, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that it has signed an agreement to acquire Severstal North America's integrated steelmaking assets located in Dearborn, Michigan for $700 million in cash. The acquisition also includes a cokemaking facility and interests in three joint ventures that process flat-rolled steel products. Summary of Benefits: -- Increased scale enhances company's ability to better serve customers -- Highly modernized...

2014-02-13 16:23:10

DUBLIN, February 13, 2014 /PRNewswire/ -- Research and Markets ( http://www.researchandmarkets.com/research/twt7pt/the_iron_and) has announced the addition of the "Concise Analysis of the European Iron and Steel Construction Market - Forecasts to 2017" [http://www.researchandmarkets.com/research/twt7pt/the_iron_and ] report to their offering. (Logo: http://photos.prnewswire.com/prnh/20130307/600769 ) According to the European Commission, Europe is the world's...

2012-05-28 23:02:03

New market study “Iron Ore Mining Market in Europe to 2020 - Abundant Reserves and Global Demand for Steel Likely to Drive Production” prepared by GBI Research has been recently published by Market Publishers Ltd. According to the report, recent developments in the global iron ore market, driven primarily by the rapid industrialization of China, mark the beginning of deep changes in the structure and dynamics of the market and are putting steelmakers´ profitability at risk....

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...

2011-05-05 14:59:00

PITTSBURGH, May 5, 2011 /PRNewswire-USNewswire/ -- The United Steelworkers (USW) today said that its members have ratified their new contract with RG Steel, which purchased USW represented facilities in a stock transaction last month from Severstal North America. (Logo: http://photos.prnewswire.com/prnh/20080131/DC12982LOGO) Roughly 57 percent of the hourly production, maintenance, office and clerical employees of the former Wheeling Pittsburgh Steel facilities in the Ohio Valley; the...


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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