Steel Mills
December 16, 2015
SSAB: Weaker Conditions Than Expected in Q4
Written by Sandy Williams
SSAB expects to report lower earnings for fourth quarter due to decreased volumes and falling prices in Europe and North America but is looking forward to better market conditions in Q1.
Market conditions have deteriorated further than expected from the previous forecast for fourth quarter. Plate and strip market prices fell sharply during the quarter impacting earnings in SSAB Europe and SSAB Americas. Volumes are expected to be lower than third quarter and down significantly on a year-over-year basis.
