Severstal NA to expand tubular reach
Feb 08, 2012 | 11:55 AM
| Michael Cowden
HOUSTON Flat-rolled steel producer Severstal North America Inc. is looking to boost its exposure to the growing pipe and tube sector, a company executive told attendees at AMMs fifth annual Steel Tube and Pipe Conference in Houston.
Some 15 percent of Dearborn, Mich.-based Severstal NAs sales currently come from the pipe and tube market, primarily from its Columbus, Miss, mini-mill, which is close to energy plays in the Southeast, according to Greg Goad, general manager of commercial at Severstal Columbus LLC. That compares with distribution, which accounts for the bulk of Severstal NAs sales (36 percent), and automotive (31 percent).
But that 15-percent figure for pipe and tube was from 2011, and Severstal NA plans to increase its participation in the sector in the future, he said, noting that Columbus alone is ultimately expected to have roughly 30 to 32 percent of its order book devoted to pipe and tube.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.