Severstal forecasts ‘challenging’ year-end
Nov 15, 2012 | 04:25 PM
| Chris Prentice
Tags
Severstal,
Severstal North America,
Alexey Mordashov,
steel,
Chris Prentice
NEW YORK — OAO Severstal expects the fourth quarter to be more challenging than the third quarter, forecasting falling global steel prices amid stable input costs.
The outlook for the end of the year comes as the Moscow-based steelmaker reported net sales of $3.59 billion for the three months ended Sept. 30, down 3.4 percent from the second quarter, putting year-to-date sales at $10.99 billion, a 9.1-percent decline from the first nine months of last year.....
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.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here