Worthington agreed to buy half of its annual flat-rolled steel from Rouge for seven years.
Ford agreed to buy 40% of its annual flat-rolled steel from Rouge for ten years.
Domestic production of flat-rolled steel fell by about a quarter, for instance.
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Acquisitions in Slovakia and Serbia made USS the largest integrated producer of flat-rolled steel in central Europe, serving automakers like Germany's Volkswagen and France's Peugeot.
The 86-year-old maker of flat-rolled and fabricated steel products has been in the dumps for a quarter of a century, in and out of bankruptcy since 1986.
Novelis, which had been spun off from Alcan in 2005, had nearly a one-fifth share of the world market for flat-rolled aluminum, used for making beverage cans and auto parts.
The capacity utilization of the flat-rolled products was 81%, and the company faced some losses in shipments in its European operations due to weaker demand and some planned maintenance items.
The various categories of the flat rolled products include hot rolled sheets, cold rolled sheets, coated sheets, semi-finished bars and plates and tin mill products.
Electricity provides the heat that transforms the rolled-up structure into a flat one, with the current experimental version taking around five minutes to completely settle.
However, the increased competition in the market has lead to a near term over-supply situation, pushing the spot market price of the flat rolled products down.
Less than two weeks after it reported a 2 cent per share quarterly loss, Apple Computer today rolled out three big guns to fight back against slowing sales: new computers, new flat-panel displays and lower prices.
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