15
Dec
16:38
SSAB revises its financial targets
Sweden’s SSAB tells Kallanish that its board of directors has decided to revise the group’s financial targets. The new targets have been formulated to give the company greater opportunity to promote growth and profitability, the steelmaker says.
Dividends will constitute 30-50% of profit after tax (earlier 50% over a business cycle) and the group’s net debt/equity ratio will not normally exceed 35% (earlier long-term ratio of 30%). SSAB’s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous