22
Oct
12:22
SSAB expects Europe improvement following challenging third quarter
SSAB has posted another round of challenging results for its European operation. The company is hopeful the fourth quarter will bring a recovery.
Q3 revenue at the European units of the group was down -19% year-on-year to SEK 6.1 billion ($694.7 million). The unit also posted an operating loss of SEK 631m, mainly due to lower capacity utilisation and lower prices, Kallanish notes.
The outlook for Q4 is mildly positive, but the current second wave of coronavirus i…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous