22
Jul
09:24
SSAB signals reduced prices, margins in third quarter
Swedish-headquartered steelmaker SSAB remains uncertain regarding third-quarter developments in the European and US markets. Demand is expected to be weak and domestic prices remain under pressure, Kallanish learns from the company’s Q2 earnings report.
Overall, SSAB saw its profitability drop in Q2 by SEK 314 million ($33.4m) y-o-y to SEK 1,316 million, mainly due to the negative impact of weak European market performance.
“Demand in Eu…
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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