Severstal NA Sales Up 2.6% in Q3 Q/Q

Severstal NA reported sales volume increased 2.6 percent quarter-over-quarter to 1.2 million tonnes in the third quarter due to improved sales of CRC and galvanized products. Revenue was reported at $993 million, up 4.2 percent from $953 million in the second quarter. Higher sales volume and pricing along with lower costs at Severstal Columbus resulted in EBITDA of $58 million for Severstal NA, up 31.8 percent from the previous quarter.

Severstal Columbus revenue increased to $506 million in the third quarter from $428 million in the second. Severstal Dearborn slipped to $487 million in third quarter from a high of $525 million in the second quarter and $491 million in the first quarter of 2013.