Severstal’s N. America sales up in 1st qtr.

May 20, 2013 | 01:05 PM | Anne Riley

Tags  steel, Severstal, Severstal North America, Dearborn mill, Columbus plant, flat-rolled steel, Anne Riley

NEW YORK — Russian steelmaker OAO Severstal’s 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.

Severstal’s 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.....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results