Steel Mills
February 8, 2014
SSAB Americas Has Solid 4th Quarter
Written by Sandy Williams
SSAB Americas improved its operating profit in fourth quarter 2013 to $27.8 million from $17 million in the same period in 2012. Sales for the quarter increased 17 percent from the previous quarter, totaling $581.7 million compared to $499 million year-over-year. For full year 2013, sales totaled $2.216 billion, slipping from $2.492 billion in 2012. SSAB Americas sales accounted for 41 percent of SSAB’s total external sales in 2013.
Steel shipments totaled 657,000 tonnes in the fourth quarter, and were 5 percent up five percent from third quarter and 24 percent year-over-year. Niche steel product shipments totaled 157 thousand tonnes, up from 135 thousand tonnes in the third quarter and accounted for 24 percent of total shipments.
