NEW YORK Severstal North America Inc.s sales volumes and price levels rose sequentially in the third quarter, which it attributed to a growing U.S. economy and a positive outlook for the steel market.
The Dearborn, Mich.-based steelmaker sold some 1.2 million tonnes of hot-rolled coil and plate, cold-rolled coil and galvanized and metallic-coated coil products, up 2.5 percent from 1.17 million tonnes in the previous quarter, it said Oct. 17 in its third-quarter operational results.
However, the OAO Severstal subsidiary logged a 2.1-percent decrease in hot-rolled product volumes to 642,729 tonnes, offset by a 14.1-percent gain in sales of cold-rolled material to 148,730 tonnes and a 6.3-percent gain in galvanized product to 407,256 tonnes.
Average quarterly rolled product sales prices also bumped up 1.7 percent to $800 per tonne from $787 per tonne in the second quarter, "reflecting sustainable growth in the U.S. economy and good prospects for the U.S. steel market," the company said.
Severstal NAs U.S. steelmaking facilities, comprising Dearborn and Columbus, Miss., ran at a capacity of about 96 percent in the third quarter and 95 percent for the first nine months of 2013. Its share of high value-added products in the sales portfolio also rose 2 points to 46 percent.
The division produced nearly 1.25 million tonnes of crude steel in the quarter, down almost 3 percent sequentially from 1.28 million tonnes.
Hot metal, or liquid pig iron, production for the North American operations fell 9.7 percent quarter on quarter to 460,784 tonnes from 510,369 tonnes, but inched up 0.6 percent to 1.46 million tonnes for the first nine months of the year.