Severstal’s N. America sales up in 1st qtr.
May 20, 2013 | 01:05 PM
| Anne Riley
NEW YORK Russian steelmaker OAO Severstals North American operations recorded higher revenue in the first quarter compared with the fourth quarter of last year as a double-digit rise in sales volumes more than offset lower average selling prices.
Severstals International unit, comprising its Dearborn, Mich., and Columbus, Miss., operations, posted revenue of $930 million for the three months ended March 31, up 14.8 percent from $810 million in the fourth quarter but down 15.5 percent from $1.1 billion in the first quarter of 2012.....
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