31
Jan
09:54
Europe weakness hits SSAB earnings, foresees shipment growth
Swedish steelmaker SSAB posted lower earnings on-year in 2023 due mainly to the impact of a weaker market and lower prices, especially in Europe, Kallanish notes.
Consolidated revenue declined 7% year-on-year to SEK 119,489 million ($11.48 billion); adjusted operating result was SEK 16,467 million against SEK 29,283 million the year before. While 2022 was a record year for SSAB and most global steelmakers, 2023 was characterised by a weaker market, lower steel pri…
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Anonymous
Very good overview of the weekly steel market.
Anonymous