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
Pacific Steel breaks ground on California rebar mill
Pacific Steel Group has broken ground on its Mojave Micro Mill in Southern California.
Nucor lifts weekly HR spot price to $915/ton
Nucor has increased its weekly HR coil spot price for seven consecutive weeks.
American mills urge Trump to maintain no exceptions on steel tariffs
"We urge you to resist any requests for exceptions or exclusions and to continue standing strong on behalf of American steel," the companies wrote.
Cliffs CEO touts employee cash bonus for buying US-made vehicles
Cleveland-Cliffs Inc. has introduced a new employee incentive program to promote American-made vehicles, support domestic production, and strengthen US supply chains.
Auction of AHMSA assets is next step in bankruptcy proceedings
An inventory valuation of the assets of Altos Hornos de Mexico SA (AHMSA) has been completed. Local reports suggest an auction for the assets of the bankrupt steel company could come as soon as the end of this month.