The Oakland County, Mich., Circuit Court had ruled, in favor of Steel Dynamics, that a certain January 2003 GM multi-year "award letter" issued to Steel Dynamics was not in fact an enforceable contract and that GM could not compel Steel Dynamics to sell GM steel throughout 2004 at January 2003 prices. The Michigan Court of Appeals has granted GM's withdrawal request, thereby bringing an end to this litigation.
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