OAO Severstal announced that as part of its North American 2010 operating plan certain facilities will be restarted that had been previously idled as a result of weak market conditions. Severstal Warren, a fully integrated steel plant, is scheduled to return to service its blast furnace, steelmaking and hot-strip mill facilities late in the first quarter of 2010. In addition, Severstal North America’s Mountain State Carbon coke-making subsidiary in Follansbee, W.V., will ramp up to full production by the end of January 2010.
As previously announced, the Severstal Wheeling coating lines will return to service in late January 2010. The number of employees returning to the Warren facility is currently being discussed with the United Steel Workers, with which the Company is seeking a new contract to cover all of Severstal North America’s steelworker-represented facilities.
Severstal to Restart North American Facilities
January 27, 2010