Severstal NA Sales Jump 6% in Q2

Severstal reported a spike in sales at its North America facilities in second quarter 2014. Severstal NA sold 1,248,084 tonnes (1.38 million net tons) of rolled products, up 6 percent from the previous quarter. Sales for the first half were up 7 percent to 2,430,839 tonnes (2.68 million net tons). The average price of rolled products fell 1 percent to $827 per tonne sequentially, but averaged 4 percent higher at $831 per tonne over the first half of 2014 ($750 per net ton and $754 per net ton, respectively)

Within rolled product sales, hot rolled coil and plate increased 9 percent sequentially to 696,663 tonnes, (767,926 net tons) cold rolled coil down 7 percent to 135,180 tonnes (149,007 net tons), and galvanized and metallic coated coil sales rose 4 percent to 416,241 tonnes (458,819 net tons).