Steel Mills
October 26, 2017
SSAB Americas Improves Shipments and Sales
Written by Sandy Williams
Steel plate producer SSAB Americas saw higher prices and volumes in the third quarter. The segment reported good demand early in the quarter, which weakened as the period progressed.
Sales jumped 31 percent from the prior year and 6 percent from Q2, for a total of SEK 3.34 billion ($407 million). Shipments increased 12 percent from the second quarter to 508,000 metric tons, benefiting from a large order in the energy sector. Compared to a year ago, shipments jumped 21 percent, but the gain was mostly due to maintenance outages that impacted Q3 2016 shipments. Operating profit for SSAB Americas was SEK 316 million ($38.5 million).
