Severstal NA records strong 1st qtr. despite winter chill

Apr 30, 2014 | 02:27 PM | Thorsten Schier

Tags  Severstal North America, earnings report, OAO Severstal, flat-rolled, steel, Thorsten Schier

NEW YORK — OAO Severstal’s North American operations posted strong financial and operating results in the first quarter despite the harsh winter weather, according to the Russian steelmaker.

Severstal North America Inc., with operations in Dearborn, Mich., and Columbus, Miss., recorded earnings before interest, taxes, depreciation and amortization (Ebitda) of $75 million for the three months ended March 31, up 50 percent from $50 million in....

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