Vertical integration a top priority: Severstal
Nov 23, 2011 | 11:39 AM
| Jo Isenberg-O’Loughlin
Tags
Severstal NA,
steel,
Mark Yost,
DRI,
scrap,
Jo Isenberg-O’Loughlin
NEW YORK — A top executive of Severstal North America Inc., which has invested more than $1.3 billion over half a decade to construct one of the world’s most technologically advanced mini-mills in Columbus, Miss., conceded that despite the 10-figure outlay, the electric furnace (EF)-based flat-rolled facility is missing a pivotal component.
"I think vertical integration is a missing piece for us," chief financial officer Mark J. Yost acknowledged in an exclusive interview with AMM.....
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