Steel Mills
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 Steel Mills
Cliffs idles Steelton, Riverdale, and Conshohocken operations
Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.
Radius loss narrows, volumes climb in ‘healthy’ West Coast market
Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.
AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).
Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.
Granite City Works must remain open and other terms of the Nippon-USS deal
SEC documents also name Trump specifically as having veto power certain decisions are part of the “Golden Share” provision.