Severstal North America, based in Dearborn, Mich., has officially re-opened the historic River Rouge steel mill in Dearborn. The North American branch of Russia’s OAO Severstal has invested $1.4 billion in the Detroit area steelmaking complex.
“From the day we first acquired the Rouge assets eight years ago we had a long-term vision for this plant,” announced Alexey Mordashov, CEO of OAO Severstal, in a prepared statement. “Being located here in the heart of the automotive industry with a strong heritage and spirit of innovation, we are proud to be able to continue on the traditions of the great past and on to the bright future.”
Severstal upgrades include the construction of a pickle line tandem cold mill (PLTCM) complex and hot-dip galvanizing line (HDGL). The $450 million PLTCM includes accompanying control systems. The $285 million HDGL has been designed to ensure consistent coating thickness and surface texture. The new facilities are capable of producing what Severstal calls “the newest generation of coated advanced high-strength steels.”
Michigan Gov. Rick Snyder, who attended the grand opening, said, “Severstal’s investment in Michigan, with its expanded, upgraded Dearborn plant and its commitment to supplying the automotive industry with a new generation of steel products, is good news for the motor capital of the world.”
Added Mordashov, “We saw opportunities to succeed by creating strong industry and community ties and servicing our customers with high-quality products and advanced technologies.”
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