The Russia-based steel company OAO Severstal has announced plans to restart a number of the company’s North American operations. The company, with operations throughout Europe, Russia and North America, idled a number of operations because of sluggish markets in 2009.
The company cited improved trading performance as well as better third quarter results as reasons to restart capacity.
The company plans on restarting the blast furnace, steelmaking and hot strip mill facilities at its Severstal Warren integrated steel plant in Warren, Ohio, by the end of the first quarter of 2010.
In addition, Severstal North America’s Mountain State Carbon coke making subsidiary in Follansbee, W.Va., will ramp up to full production by the end of this January. The Severstal Wheeling coating lines also will return to service by the end of January. Severstal Wheeling cold rolling complex returned to operation in December 2009.
Sergei Kuznetsov, CEO of Severstal North America, says: “Our North American strategy remains to be a long-term market leader, serving domestic and export customers with light flat rolled steel from five plants. Severstal North America anticipates an improving market for its products over 2010 and we are encouraged by the support we are receiving from all constituencies to resume operations at Warren.”
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