Steel Mills
July 20, 2019
SSAB Americas Reports Lower Volumes and Prices in Q2
Written by Sandy Williams
SSAB Americas saw a drop in sales from first to second quarter due to lower volumes and prices. Sales of SEK 4.5 billion ($485 million) were down 6 percent from Q1 but were 13 percent higher than a year ago. The company reported good demand in several segments but cautious buying and destocking at service centers.
“We saw fairly decent demand from end users [in the Americas], but we also saw that Steel Service Centers were quite cautious,” said SSAB Group CEO Martin Lindqvist. “For us, deliveries to Steel Service Centers in Americas was roughly 50,000 ton lower than Q1, and Q1 was not strong either.”
