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(AMM) Evraz tubular sales up in NA, loss narrows 73% in 1st half

September 03, 2010 - 20:39 GMT Location: PITTSBURGH

KEYWORDS: Evraz plate , tubular

Russia's Evraz Group SA, which has steel plate and tube manufacturing operations in North America, narrowed its first-half net loss by nearly 73 percent as revenue grew 37.5 percent.

The steelmaker posted a net loss of $270 million on revenue of $6.38 billion for the six months ended June 30 vs. a year-earlier net loss of $999 million on revenue of $4.64 billion.

The company's North American tubular sales have increased recently, thanks to interest in shale plays on the continent, helping boost the company's overall performance, according to Alexander...

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