Wednesday, 19 Jan 2011
Severstal North America announced that it has achieved a favorable decision in a patent infringement lawsuit brought against SNA by ArcelorMittal France and ArcelorMittal Atlantique et Lorraine.
The patent concerns some of the technology used in the production of aluminum coated, boron bearing carbon steel, the end use for which is predominantly in high-strength automotive applications.
As a result of the decision, which was reached in a Delaware U.S. District Court on January 14th 2011, Severstal is able to sell this aluminum coated, boron bearing carbon steel effective immediately.
In anticipation of this decision, Severstal indicated that it has already developed the necessary expertise to provide the aluminum coated boron bearing carbon steel per the specifications of the automotive manufacturers.
Mr Sergei Kuznetsov CEO of Severstal International said “We are very pleased with the verdict in this matter. We have complete confidence in our ability to produce and sell these products, and we are looking forward to better meeting the needs of our automotive customers as a result of this decision.
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