Severstal NA earnings down on weaker demand, prices
Apr 19, 2012 | 06:04 AM
| Stacy Irish
Tags
Severstal NA,
hot-rolled coil,
cold-rolled coil,
steel
LONDON — Severstal North America Inc. reported a pullback in earnings in the fourth quarter due to weaker demand in the United States and softening steel prices.
The division’s earnings before interest, taxes, depreciation and amortization (Ebitda) totaled $18 million in the three months ended Dec. 31, down from $42 million in the third quarter.....
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