Severstal Gets DOE Loan to Develop High-Strength Steels

August 2011
Metal Center News;Aug2011, Vol. 51 Issue 9, p39
Trade Publication
The article reports on the conditional commitment for a 730-million-dollar loan received by Severstal North America Inc. from the U.S. Department of Energy (DOE) for the construction of its metal finishing facilities in Dearborn, Michigan. It states that the companies these facilities intend to produce advanced high strength steels (AHSS) for automotive applications. Moreover, it is noted that the company's investment would create and retain various construction and manufacturing jobs.


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