Steel Mills
April 27, 2021
SSAB Americas Reports Lower Shipments But Higher Profits
Written by Sandy Williams
SSAB Americas reported lower shipments of 480,000 metric tons in the first quarter of 2021 despite strong demand for heavy plate in North America. Due to weather issues in February and lower slab inventories at the beginning of the quarter, shipments fell 16% from the previous quarter and 9% compared to Q1 2020.
Higher steel selling prices helped push revenue up 6% from the fourth quarter to SEK 3,651 million ($435 million), but lower volume and negative currency effects resulted in a 6% decline compared to the first quarter of 2020.
