14
Dec
22:50
SSAB receives compensation for Oxelösund breakdown
Sweden’s SSAB tells Kallanish that it has reached a final financial settlement over the breakdown that happened in the steelmaker’s Oxelösund plant in December 2016.
The settlement is worth SEK 315 million ($37.3m) and has been agreed with both the supplier and the insurance company SSAB says.
An advance payment of SEK 50m was received from the insurance company during the second quarter of 2017. The additional amount of SEK 265m will be book…
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Anonymous
Very good overview of the weekly steel market.
Anonymous