NEW YORK Evraz Plc reported a sharp fall in its North American steel sales in the first half of the year on slightly higher volumes.
The London-based steelmakers Americas division posted sales of $1.37 billion in the first half, down 13.6 percent from $1.58 billion in the same period last year on volumes that increased 0.3 percent to 1.35 million tonnes.
The companys North American crude steel output fell 9.2 percent in the first half vs. the same period last year due to maintenance work at Evraz Pueblo in Colorado in the second quarter, inventory optimization and several unplanned outages in the first quarter. However, finished steel output rose 3.6 percent in the same comparison thanks to gains in flat-rolled and construction product production.
Evraz completed a project to increase rolling capacity at its Pueblo, Colo., rail mill by 10 percent during the first half, and is finalizing a project to boost rolling speeds at its Claymont mill in Delaware, it said.
Evraz expects additional volumes from an investment in premium threading capacity at its tubular facility in Calgary, Alberta, in the second half (amm.com, June 19, 2012).