Steel Mills
February 16, 2017
SSAB Americas Shipments Increase in Q4
Written by Sandy Williams
SSAB Americas posted strong sales and shipments in fourth quarter 1016. The segment, which includes the mills located in Mobile, Alabama and Montpelier, Iowa, shipped 502,000 tonnes in Q4, up 19 percent from the previous quarter and 15 percent from Q4 2015. Sales totaled SEK 2,825 million ($318 million), an increase from third quarter and year ago levels.
Demand improved during Q4 said SSAB as steel service centers restocked inventories. Fourth quarter results were adversely affected by lower realized prices. Plate spot prices began increasing in Q4 as did scrap prices. SSAB expects stronger prices to improve margins going forward.
