Russian Steelmaker Strategizes Against U.S. Automakers' Aluminum Interest

Newswire

* Sees U.S. EBITDA, sales slightly higher in 2014 * Spike in natural gas prices weighs on costs * Targets more sales to car industry in Southern U.S. By Maytaal Angel and Silvia Antonioli LONDON, Feb 27 (Reuters) - Steelmaker Severstal, Russia's second-biggest producer, said its North American unit plans to move into new high-strength steel products to counter the growing threat of aluminium substitution in carmaking. Aluminium use in cars has increased sharply, tripling in North America ...

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