Market Segment
Severstal NA Production Up 9% in 2013
Written by Sandy Williams
January 23, 2014
Steel production at Severstal NA was up 2 percent at 1,271,797 tonnes (1.4 million tons) in fourth quarter 2013 as compared to third quarter. Sales of rolled products decreased 2 percent to 1,172,137 tonnes (1.29 million tons) from the previous quarter. Sales hot rolled coils dropped 5 percent, cold roll was down 1 percent, while sales of galvanized and metallic coated sheet products increased 2 percent quarter-over-quarter. The average price per ton for fourth quarter was $829/tonne ($752/ton), up 4 percent from $800/tonne ($725/ton) in quarter three.
Production for 2013 was up 9 percent year-over-year to 4,979,545 tonnes (5.48 million tons). Sales increased for the year by 4 percent to 4,653,853 tonnes (5.1 million tons). The average price for the year was down 4 percent at $806/tonne ($731/ton) from $843/tonne ($765/ton) in 2012.
Consolidated crude steel production for OAO Severstal decreased 7 percent to 3.78 million tonnes (4.16 million tons) in the fourth quarter due to furnace maintenance at Chrepovets Steel. Consolidated sales of steel products for the quarter were up 2 percent to 3.83 million tonnes (4.22 million tons). Annual consolidated production and sales were both up 4 percent at 15.7 million tonnes (17.3 million tons) and 15.1 million tonnes (16.6 million tons), respectively.
Sandy Williams
Read more from Sandy WilliamsLatest in Market Segment
Nucor targets ‘white hot’ data center boom
With infrastructure demand shifting toward digital capacity, Nucor Corp. is positioning itself as the go-to steel supplier for the data center boom.
Gerdau’s N. American earnings rise in Q3 due to fall in imports
Gerdau’s North American profits rose in the third quarter, boosted by a decline in imports due to Section 232 steel tariffs.
Ternium swings to Q3 loss, eyes 2026 recovery
Ternium closed the third quarter with steady shipments and improving margins. But trade policy uncertainty and subdued demand in Mexico weighed on the Latin American steelmaker’s results.
SMU Mill Order Index fell in September
SMU’s Mill Order Index declined in September after repeated gains from June through August. The shift came as service center shipping rates and inventories fell.
Algoma’s losses widen in Q3 as tariff troubles continue
Algoma Steel’s net loss more than quadrupled in the third quarter on trade woes and its EAF transition. Separately, the company announced a change in leadership, as CEO Michael Garcia will retire at the end of the year.