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MillerCoors, a joint venture of SABMiller plc and Molson Coors Brewing Co., extended its Steel Reserve Alloy Series with a new Spiked Punch flavor. The new flavored malt beverage contains 8 percent alcohol by volume and blends cherry, orange and strawberry flavors. The Steel Reserve Alloy Series line was designed to be an affordable alternative to traditional beer offerings, the company says. Steel Reserve Alloy Series Spiked Punch is available in 16- and 24-ounce cans.