For the past couple of months Steel Market Update (SMU) has been writing about how supply constraints have helped keep flat rolled steel prices level to slightly rising. With the round of price increase announcements made at the beginning of the month of October, we have seen a new found resolve by almost all of […]
Employees at Severstal Mountain State Carbon rejected a four-year contract offered by the company after more than a year at the bargaining table. The offer was defeated 181 to 7 by USW Local 1190. “We weren’t asking for the world,” said Don Hubbard a member of the union’s bargaining team. Worker demands included four weeks […]
Severstal NA reported sales of 1.2 million tonnes (1.32 million tons) of rolled products in the third quarter, a 2 percent increase over second quarter. Hot rolled coil and plate production decreased 2 percent to 642,729 tonnes (708,475 million tons) as compared to 656,574 tonnes (723,736 million tons) in the second quarter. […]
Severstal NA announced on Monday an increase in flat rolled steel base price in line with the ArcelorMittal announcement. Hot Rolled $34.00/cwt $680/net tonCold Rolled $39.50/cwt $790/net tonGalvanized $39.50/cwt $790/net ton In the company letter sent to their customers Severstal pointed to steady pace of automotive sales and demand […]
Severstal NA announced more management changes on Friday to complete its senior leadership team. Gerrit Reepmeyer was appointed Vice President, Procurement. An April 2013 addition to SNA as Director, Energy and Utilities, Reepmeyer worked previously as a Principal of E.On Inhouse Consulting, a power and gas company located in Dusseldorf, Germany. Mikhail Zhavoronkov was appointed […]
“I am shocked” was how one manufacturing purchasing manager put it to SMU in a conversation regarding the replacement of Tom Marchak as head of Commercial for Severstal North America. On Tuesday, Severstal North America introduced Sachin Shivaram as the new Vice President, Commercial for the mill. This change comes three weeks after the […]
I want to thank IHS Global Insight for allowing SMU and our readers to attend their Pricing & Purchasing Summit which was held in Chicago over the past two days. SMU is interested in conducting a similar conference dedicated to the steel industry and identifying risks next year as we strive to bring new value […]
Severstal North America announced the appointment of Olga Petrova as new Chief Financial Officer. Petrova will succeed Interim CFO Michael Tuomey who has been appointed Deputy Chief Financial Officer. Petrova held the position of Head of Business the Planning and Controlling at parent company OAO Severstal since 2011. Her background includes high-level financial positions at […]
Severstal NA revenue for Q2 rose to $953 million from $930 million in the first quarter 2013. Demand growth was led by U.S. automotive, construction and pipe and tube industries. First half 2013 revenue, however, fell to $1,883 million from $2,158 million in H1 2012—a 12.7 percent loss. Severstal reported a utilization rate of almost […]
Each month Steel Market Update will update our Monthly customers regarding the pricing cycles and any changes which occurred during the month. The month of July saw a continuation of the “up” pricing cycle which began on May 22nd when U.S. Steel announced a $50 per ton price hike. The goal for the first price hike was […]
We had an excellent group at our workshop in Columbus, Mississippi and I want to thank the entire management, customer service, sales and operations staff at the Severstal Columbus facility that put on an exceptional tour of their mill for our group. I also want to thank Severstal NA in Dearborn for working with Steel […]
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 […]