Steel Mills
Severstal NA Sales up 1% in Q1
Written by Sandy Williams
April 15, 2014
First quarter sales for Severstal North America flat rolled steel products increased 1.0 percent quarter over quarter to 1.83 million tonnes (2 million tons).
Production at Severstal Dearborn fell 8 percent q/q due to severe weather and resulting higher natural gas prices. Prices for steel products were mostly flat. Average price for steel rolled products was $835/ton in the first quarter compared to $829 in fourth quarter 2013, an increase of one percent. The highest increase q/q was for hot rolled coils. Compared to first quarter 2013, prices increased by 3.0 percent.
Sales volume q/q for hot rolled and plate increased 5 percent to 638,170 tonnes (703,450 tons) , cold rolled volume fell 1.0 percent to 144,829 tonnes (159,643), and galvanized and metallic coated coil fell 4.0 percent to 399,756 tonnes (440,648 tons).
Sandy Williams
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