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  • Severstal North America Reports Favorable Order in Court Case

    Posted on September 15th, 2011 admin No comments

    In an announcement by Severstal North America, Dearborn, Mich., the steelmaker says a Mississippi Circuit Court has issued an order allowing it to purchase scrap metal outside vendors after meeting an initial requirement with its contracted supplier, Jefferson Iron & Metal Brokerage, Birmingham, Ala. The release says that an Order issued by the Circuit Court of Lowndes County, Miss. has stated that “Severstal may purchase scrap directly from other vendors as long as the requirement of the first 30,000 gross tons per month is purchased from Jefferson Iron & Brokerage as provided in the contract.” The suits and countersuits between the two companies comes from an agreement that was signed in 2006 that had Jefferson Iron provide Severstal, then known as SeverCorr, no less than 30,000 tons of scrap metal each month.

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    Severstal North America Reports Favorable Order in Court Case

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