Severstal North America

News

July 30, 2014
Severstal North America Reports the Strongest Quarterly Results Yet, Delivers Significant Y/Y and Q/Q Growth

DEARBORN, Mich. July 30, 2014 – Severstal North America (“SNA”), a leading steel producer in the United States and a subsidiary of Severstal, a global steel and mining company, reports another strong financial performance in the second quarter of 2014. Severstal North America delivered significant growth in sales volumes of 6% q/q, while average selling prices decreased by 1.0% to $827/t, partially due to a lower share of HVA products in the sales portfolio. Revenue of $1,066 million was up 4.9% q/q driven by higher sales volumes. H1 2014 revenue of $2,082 million was also up, by 10.6% y/y, on better pricing and higher utilization rates.

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Innovative Solutions

We know that now more than ever, success is rooted in our ability to provide our customers with the most innovative, efficient, high performance steel solutions. That is why we are positioning ourselves for the future, by using all of our expertise, energies and resources to develop the most advanced steel operations and technologies.

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State-of-the-Art Facilities

Severstal Columbus

Severstal Columbus features the newest and most advanced electric arc furnace facility in the world.

Severstal Dearborn

Severstal Dearborn is one of the legendary steelmaking facilities in the world, with roots to the earliest days of automotive manufacturing.

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We recognize that our corporate intelligence, strength, vitality and reputation are derived from our people. As a subsidiary of one of the world’s largest steel and mining companies, we are continuously working on advanced steelmaking technologies and investing in world class facilities. Come and be a part of the exciting work at Severstal North America.

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