A new coke oven at the Sparrows Point steel mill might help the plant?s bottom line, create jobs and even generate electricity for the state but isn?t part of an initial five-year investment plan for its new owners, Russian steelmaker Severstal.
But the Point?s inability to create one of the key elements in the production of steel may be one factor driving up its operating costs, according to steel industry expert Chuck Bradford, who said Severstal likely pays high costs to bring in the material.
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