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28 Jan
16:54

SSAB Americas increases full-year operating profit

The Americas division of Swedish steelmaker SSAB increased its operating profit in 2019 despite a relatively weak fourth quarter, Kallanish learns from the company’s earnings review.  SSAB Americas earned $221.2 million in operating profit on sales of $1.81 billion in 2019, up from an operating profit of $190.95 on sales of $1.75 billion in 2018.  In Q4, however, SSAB Americas recorded an operating loss of $23.08m on sales of $372.96m, down from Q…
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