Value-added sales lift Severstal NA results

Feb 27, 2014 | 02:16 PM | Catherine Ngai

Tags  Severstal North America, Saikat Dey, earnings results, OAO Severstal, Catherine Ngai

NEW YORK — OAO Severstal’s North American operations saw a boost in fourth-quarter revenue compared with the previous quarter, led by strong sales in its high-value-added products, according to the Russian steelmaker.

Severstal International, which includes operations in Dearborn, Mich., and Columbus, Miss., posted quarterly revenue of slightly more than $1 billion, up 0.9 percent from the preceding three months and 23.7 percent higher year on year. ....

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