SSAB Americas Q4 Shipments Up 3%

SSAB North America achieved higher market share in 2017. SSAB’s share of the North American steel slab market was estimated at 30 percent for the year. Full-year earnings and shipments increased compared to 2016. Sales for the full year were SEK 12.7 billion ($1.6 billion) and shipments 1,971,000 metric tons (2.17 million short tons).

Fourth-quarter shipments rose 3 percent to 525,000 metric tons versus 508,000 tons in the third quarter due to improved demand from steel service centers and the heavy transport segment. Sales totaled SEK 3.23 billion ($410.5 million) for the quarter compared to SEK 3.34 billion ($424 million) in the third quarter and SEK 2.8 billion ($356 million) in Q4 2016.