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). ....

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