Steel Products
Severstal NA Volumes Up 17% in Q4
Written by Sandy Williams
February 1, 2013
Written by: Sandy Williams
Severstal NA sales of rolled products rose 17 percent in 2012 to 4.46 million tonnes (4.9 million net tons), up from 3.8 million tonnes (4.18 million net tons) in 2011. Fourth quarter sales were at 967,265 tonnes (1.06 million net tons), down 10 percent from the previous quarter. In 2012, Severstal NA sold 2.4 million tonnes (2.64 million net tons) of hot rolled coil and plate, 543,132 tonnes (598,590 net tons) of cold-rolled coil and 1.5 million tonnes (1.65 million net tons) of galvanized and metallic coated coil.
Severstal announced sales of 14.6 million tonnes of steel product for 2012 (16 million net tons), down 1.0 percent from 2011. Fourth quarter sales slid 14 percent from third quarter 2012 to 3.2 million tonnes (3.5 million net tons). Total crude steel production for 2012 was 15.1 million tonnes (16.6 million net tons).
Average selling price per tonne in 2012 for Russian HRC and plate was $613 per tonne, down 16 percent from 2011. Severstal NA rolled products sold for an average of $843 per tonne, down 2 percent from 2011.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
Nucor drops HR spot price to $865/ton
Nucor has lowered its hot-rolled (HR) spot price by another $10 per short ton (st) this week.
SMU Week in Review: Aug. 11-15
With so much happening in the news cycle, we want to make it easier for you to keep track of it all. Here are highlights of what’s happened this week and a few things to keep an eye on.
Active rig count holds in US but grows in Canada
Oil and gas drilling in the US was unchanged this past week following three straight weeks of declining activity. Canada saw another gain, reaching a 22-week high.
Hot-rolled spot market conditions linger, prices slip
Market participants said they have high hopes that the stable hot-rolled spot market will improve as the year rolls on.
Welspun Tubular makes $150M investment in Arkansas line pipe mill
Line pipe manufacturer Welspun Tubular LLC has announced a $150-million expansion project at its site in Little Rock, Ark.