Steel Mills
September 27, 2014
SSAB U.S. Running at Full Capacity
Written by Sandy Williams
All of SSAB’s U.S. facilities are running at full capacity according to SSAB CEO Martin Lindqvist. In an interview with Bloomberg, the head of the Swedish steel company said the “re-industrialization” of the U.S. and improved demand from the energy, automotive and heavy transport sectors is boosting profitability for SSAB’s US operations.
North American orders for third quarter are fully booked, said Lindqvist, and orders for the coming orders are “fairly OK.” Energy cost savings from shale fracking has helped to normalize margins that were squeezed one year ago. “I claimed at that time that we will again see margins on the historical average and that is what we roughly see today,” he said in the Bloomberg article.
