Severstal NA’s earnings climb 33.3% in qtr.

Jul 30, 2014 | 01:13 PM | Thorsten Schier

Tags  Severstal North America, Severstal, quarterly earnings, Columbus plant, Dearborn plant, steel, Thorsten Schier

NEW YORK — Severstal North America Inc.’s earnings before interest, taxes, depreciation and amortization (Ebitda) climbed 33.3 percent sequentially in the second quarter as rolled product sales rose 6 percent, parent company OAO Severstal said in its quarterly financial results.

This came despite a nearly 1-percent drop in average selling prices to $827 per tonne due to a lower percentage of higher-value-added products in the sales mix during the period (44 percent vs. 46 percent in the first quarter). ....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results