Yes, steel can be considered a designer material. At least the category known as "advanced high strength steel." It is being tailored to meet specific needs.
Gary S. Vasilash
Editor-in-Chief, AutoBeat Group
Russian steelmaker OAO Severstal, which spent $2 billion over the past decade establishing a presence in the U.S., is selling off all its American operations for about $2.3 billion.
Russian steelmaker OAO Severstal is considering multiple bids to buy its mills in Michigan and Mississippi, according to Bloomberg News, which cites unnamed sources.
Russian steelmaker OAO Severstal has replaced most of its North American senior management group over the past four weeks, Crain's Detroit Business reports.
ArcelorMittal, the world's largest steelmaker, has sued Russia's OAO Severstal and Japan's Nisshin Steel, alleging that they misappropriated its patent for automotive steel, Bloomberg News reports.
Severstal North America unit says it has reached a tentative five-year contract with the United Auto Workers union.