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.
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
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.
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.