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Dearborn Steel Mill Awaits $250M Upgrade

DEARBORN, MI-Severstal, which purchased the Rouge Steel facility in April 2004, plans to invest in the Dearborn steel-making plant. A University of Michigan economic analysis estimates that 9,295 spin-off jobs will be retained as a result of the renovation project.

By Dan Heaton | Updated on June 22, 2005

(To read more on the industrial market, click here.)

DEARBORN, MI-Severstal Group will invest up to $250 million to upgrade its steel mill in the city, the company says. Severstal purchased Rouge Steel in April 2004 to establish its first presence in the North American market.

The company’s investments in its Dearborn steel making facilities will focus on maintaining and modernizing the company’s primary steel making operations, installing new pollution control equipment and modernizing the company’s cold rolling and finishing equipment, says Vadim A. Makhov, chairman of Severstal North America.

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