Company's North American subsidiary began with the purchase of Rouge Steel.
Severstal North America, Dearborn, Mich., is celebrating its 10-year anniversary of producing steel in Michigan.
The company, a subsidiary of Russia’s Severstal, officially began operarations in North America when it purchased then-bankrupt Rouge Steel for $290 million. Since purchasing the Dearborn mill in 2004, the company says it has invested more than $1.7 billion in the facility.
“The city of Dearborn is glad that Severstal has become such an important part of the community,” says Dearborn Mayor Jack O’Reilly. “Since 2004, Severstal has invested tremendously in our region and in our city, keeping alive the great manufacturing legacy of the state of Michigan. We’re looking forward to many more years of a successful partnership.”
In addition to its corporate headquarters and steel mill in Dearborn, Severstal North America also operates an electric arc furnace steel mill in Columbus, Miss.
“We are humbled by all the support we have received and are proud to call Michigan our home,” says Saikat Dey, CEO of Severstal North America. “Severstal has truly become the premier benchmark of a manufacturing renaissance and we will continue to look for ways to invest in the region, both through job creation and operational excellence.”