Severstal anticipates higher US steel prices

Aug 29, 2013 | 05:37 PM | Catherine Ngai

Tags  Severstal, North America operations, earnings report, steel, Catherine Ngai

NEW YORK — OAO Severstal’s North American operations expect to see continued strength in U.S. steel demand during the third quarter, with "moderate upward pricing movements," the company said.

However, "while the short-term outlook for the steel industry is showing signs of improvement, over the medium- to long-term we expect the market will remain challenging," the Moscow-based steelmaker said.....

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