Some of OAO Severstal's North American steelmaking operations, which have been idled for several months, are now scheduled to be back in operation before year-end.
The long-range plan for Severstal North America Inc.'s steelmaking operations remains unclear, but the plan for its North American service center operations is coming into focus.
Severstal may take advantage of a weaker US dollar to export from its North American operations, Severstal head of strategic planning Andrei Laptev said.
Esmark Inc. is poised to reenter the
U.S. steel industry little more than a year after taking
advantage of record prices for the metal to sell its business to
Russia’s OAO Severstal for about $775 million.
OAO Severstal's North American operations reported improved selling prices and shipments in the three months ended Sept. 30 compared with the second quarter, but the results still trailed levels seen in the same period last year.
Russian steelmaker Severstal has commenced a general overhaul of blast furnace No. 2 at its Cherepovets plant, and plans to restart it by the end of first quarter 2010.
Russian steel producer Severstal said Monday its third-quarter production of crude steel rose 19% to 4.52 million tons from the previous quarter. However, crude steel production tumbled 25% compared to the same quarter a year ago.
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