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Severstal of North America announces the dissolution of a joint venture for electrocing

SEVERSTAL NRETH America, one of the largest manufacturers in the United States and the subsidiary of Severstal, a global metallurgical and mining company, announced the decision to dissolve its Dirborn company, Michigan, founded by the Double Eagle company in partnership with the United Stel Corporation.

The fact is that over the past few years there have been a significant decrease in market demand for galvanic (EG) products, and therefore a transition to a new hot coating technology is needed. After a thorough analysis of business trees and market conditions, the parties came to the mutual conclusion that the economic efficiency of production on the EG Double Eagle is no longer possible to maintain.

Sergey Kuznetsov, the general director of SeverStal North America, said to put an end to this partnership, we will work in order to ensure that we will work in order to ensure that Satisfy the needs of our customers and ensure the highest quality of advanced coatings. "

In 2012, ODO Severstal Dirborn launched its new hot zinc (HDGL) project worth $ 285 million. The project introduces advanced technologies, ensuring the uniformity of the coating and the excellent texture of the surface of products for the automotive industry. The company expects that the project will be fully implemented in the first quarter of 2014, and currently working with clients is underway to achieve this goal.

Sergei Kuznetsov thanked partners in a joint venture, United States Steel Corporation, all customers and employees for many years of fruitful and mutually beneficial cooperation.


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