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26 Jan
20:31

SSAB sees brighter plate outlook for North America

Swedish steel producer SSAB doe snot expect the North American plate market to repeat its dismal 2017 performance, Kallanish learns from the company’s comprehensive year-end earnings review. SSAB Americas generated revenue of $1.62 billion in 2017, up from $1.35 billion in 2016. Kallanish watched US plate prices freeze mid-year for several months near $730-750/short ton before plunging to a low near $660/st. Kallanish currently puts US plate at $76…
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