Severstal NA’s flat-roll sales fall in quarter

Jan 23, 2014 | 05:56 PM | Catherine Ngai

Tags  steel, hot-rolled sheet, cold-rolled coil, galvanized sheet, metallic-coated sheet, Severstal North America, operational results, OAO Severstal pig iron

NEW YORK — Severstal North America Inc.’s flat-rolled sales slipped in the fourth quarter following three consecutive quarters of growth, although the company said the pricing environment in the U.S. market remains favorable.

The Dearborn, Mich.-based steelmaker sold more than 1.17 million tonnes of hot-rolled coil and plate, cold-rolled coil and galvanized and metallic-coated coil, down 2.2 percent from nearly 1.2 million tonnes in the previous quarter, while average....

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