Severstal North America, Inc – Dearborn, Michigan

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Retention of 11,300 jobs in Dearborn, Michigan is the happy result of steel giant Severstal North America’s upgrade investment of $250 million in its recently acquired steel mill facility. The Severstal Group, based in Russia, is the 18th largest steel company in the world. To establish a presence in North America, the company acquired Dearborn’s Rouge Steel in April 2004 after that company declared bankruptcy on October 23, 2003.

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