Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


September 01, 2015 2:32 AM ET

Metals and Mining

Company Overview of Severstal Dearborn, Inc.

Company Overview

Severstal Dearborn, Inc., a steelmaking company, engages in the production and sale of flat-rolled carbon steel products. The company offers a range of hot-rolled, cold-rolled, hot-dipped galvanized and galvannealed, and culvert sheet steel products. Its products are used in automobile, pipe and tubing, distribution, construction, appliance, rail transportation, tank fabrication, ceiling grids, grain systems, containers, machinery, and other steel consuming markets. The company was founded in 2004 and is based in Dearborn, Michigan. It has plant locations in Michigan and Mississippi; and joint venture locations in West Virginia and Michigan. Severstal Dearborn, Inc. was a former subsidiary o...

14661 Rotunda Drive

P.O. Box 1699

Dearborn, MI 48120-1699

United States

Founded in 2004

1,400 Employees

Phone:

313-317-8900

Fax:

313-337-9377

Key Executives for Severstal Dearborn, Inc.

Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Chief Executive Officer of OAO Severstal
Age: 50
Vice President, General Counsel, Secretary and Director
Age: 61
Compensation as of Fiscal Year 2015.

Severstal Dearborn, Inc. Key Developments

Severstal International Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Severstal International reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenue was $1,066 million against $1,016 million for the first quarter of 2014. EBITDA was $100 million against $75 million for the first quarter of 2014. Revenue was driven by higher sales volumes. EBITDA was 33.3% higher primarily reflecting improvements at Dearborn's operations as well as seasonally softer comparatives in the first quarter of 2014. For the six months, revenue was $2,082 million against $1,883 million last year. EBITDA was $175 million against $94 million last year. Revenue was also up, on better pricing and higher utilization rates.

Severstal North America Reports Production Results for the Second Quarter and First Half of 2014

Severstal North America reported production results for the second quarter and first half of 2014. For the quarter, crude steel production was 1.31 million tonnes against 2.22 million tonnes for the first quarter of 2014. Sales were 1.25 million tonnes against 1.18 million tonnes for the first quarter of 2014. For the first half of 2014, crude steel production was 2.53 million tonnes against 2.46 million tonnes last year. Sales were 2.44 million tonnes against 2.28 million tonnes last year.

CSN Eyeing Severstal North America Assets

Companhia Siderurgica Nacional (BOVESPA:CSNA3) (CSN) is interested in acquiring stake in Open Joint-Stock Company Severstal’s (MICEX:CHMF) Severstal Dearborn, Inc. (Severstal North America). CSN is taking part in a bidding process for Severstal's US operations. CSN's Board stated, “As part of this process, evaluations and studies related to the feasibility of referred operation are in progress, aiming at a potential submission of an indicative acquisition proposal.” Severstal North America is expected to bring in approximately $1.5 billion. United States Steel Corp. (NYSE:X) is also reported to be interested in North America's operations, eyeing its Dearborn, Michigan asset.

Similar Private Companies By Industry

Company Name Region
Alliant Castings, Inc. United States
Hagerty Steel & Aluminum Company United States
ESM Group Inc. United States
Marshall Steel Inc. United States
Madsen Wire, LLC United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Severstal Dearborn, Inc., please visit na.severstal.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.