USS, Severstal to end Double Eagle venture

Jul 15, 2013 | 04:21 PM | Rey Mashayekhi

Tags  electrogalvanized steel, Double Eagle Steel Coating, Severstal North America, U.S. Steel, Katya Pruett, Courtney Boone, galvanizing, Rey Mashayekhi

NEW YORK — Severstal North America Inc. and U.S. Steel Corp. have decided to dissolve their Double Eagle Steel Coating Co. electrogalvanized steel joint venture.

The dissolution comes amid "a significant decline in the market for electrogalvanized products and a shift toward the new hot-dip coated technology," Severstal said July 15. "After a thorough review of the business trends and conditions by the board of directors, the parties mutually concluded that the economic viability of....

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