Steel Mills
July 24, 2014
SSAB Americas Returns to Profit in 2014
Written by Sandy Williams
Improved demand and higher prices in North America helped SAAB Americas report a strong profit for second quarter and the first half of 2014 after reporting losses in both time periods in 2013.
SSAB Americas steel sales soared 15 percent year over year in the second quarter of 2014 and 9 percent on a quarterly basis. Sales in Q2 were SEK 4,020 million ($587 million). First half sales for SSAB Americas totaled SEK 7,705 million ($1,125 million).
