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Russian Steelmaker Launching $450M Mill In MI

Mon, 08/22/2011 - 9:07am

DEARBORN, Mich. (AP) — The Russian steelmaker Severstal says it's launched a new $450 million cold rolling mill at its production complex in the Detroit suburb of Dearborn.

Severstal said Thursday that it will take about six months for the mill to reach full capacity of 2.1 million net tons per year.

The company says it's planning to start up a $285-million hot-dipped galvanizing line at the Dearborn complex. The company says that should launch in December.

The site used to be part of Ford Motor Co.'s Rouge complex. Severstal bought the facility in 2004.

 

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