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16 Dec
16:28

SSAB expects to take fourth quarter earnings hit

Sweden’s SSAB is expected to report lower earnings for the fourth quarter compared to the third quarter of 2015, the steelmaker tells Kallanish. This is primarily attributable to lower volumes and falling prices in Europe and North America, the company says. After over two months into Q4 2015, the development in prices and volumes has been significantly weaker than the estimates stated in SSAB’s outlook in its Q3 2015 report. Volumes for Q4 2015 are …
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