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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