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22 Jul
12:52

SSAB posts record second-quarter results on high prices

SSAB’s consolidated operating profit in the second quarter exceeded SEK 10 billion ($970 million) for the first time for a single quarter, reaching SEK 10.4 billion, Kallanish hears from the Swedish group. All business segments posted strong results, SSAB notes. Apart from higher steel prices, important factors were stable production and continued prudent cost control to reach a revenue of SEK 35.5 billion, up from SEK 26.7 billion in Q2 2021. Shipments were…
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