Steel Mills
October 28, 2014
SSAB America Q3 Sales up 29%
Written by Sandy Williams
SSAB Americas sales jumped 29 percent year over year to SEK 3,716 million ($507 million) for an operating profit of SEK 558 million ($76 million). Profit was attributed primarily to higher steel prices and improved productivity. Steel shipments increased 5 percent to 559,000 tonnes (616,191 tons) on a year over year basis and 7 percent from the previous quarter.
Compared to third quarter 2013, crude steel production was 9 percent higher and steel production was up 10 percent. Steel prices were up 2 percent from second quarter 2014.
