Metals and Mining
Company Overview of Severstal Columbus, LLC
Severstal Columbus, LLC manufactures, sells, and distributes flat-rolled steel products in the United States and Mexico. It offers hot and cold rolled, and coated steel products for use in steel sheet applications, as well as for automotive sheet markets. The company was founded in 2005 and is based in Columbus, Mississippi. Severstal Columbus, LLC is a subsidiary of Severstal Columbus Holdings, LLC.
1945 Airport Road
PO Box 1467
Columbus, MS 39701
Founded in 2005
Key Executives for Severstal Columbus, LLC
External Relations Manager
Compensation as of Fiscal Year 2015.
Severstal Columbus, LLC Key Developments
Severstal North America Announces Earnings Results for the Second Quarter and First Half of 2014
Jul 30 14
Severstal North America (SNA) announced earnings results for the second quarter and first half of 2014. For the quarter, the company reported revenue of $1,066 million was up 4.9% quarter on quarter (q/q) driven by higher sales volumes. EBITDA was 33.3% higher q/q at $100 million primarily reflecting improvements at Dearborn's operations. Additionally, in second quarter, SNA became cash positive q/q.
For the first half, the company reported revenue of $2,082 million was also up, by 10.6% year on year (y/y), on better pricing and higher utilization rates. EBITDA of the whole division in was up 86.2% y/y at $175 million. Cash generation considerably increased with 344% growth y/y on the back of higher EBITDA and net working capital release.
Severstal North America Decides to Dissolve its Double Eagle Steel Coating Company Partnership with United States Steel Corporation
Jul 15 13
Severstal North America announced the decision to dissolve its Double Eagle Steel Coating Company partnership with United States Steel Corporation. Over the past several years, there has been a significant decline in the market demand for electrogalvanized (EG) products and a shift toward the new hot dip coated technology. After a thorough review of the business trends and conditions by the Board of Directors, the parties mutually concluded that the economic viability of EG production at Double Eagle could no longer be maintained.
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