Severstal NA Sales up 1% in Q1

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.