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    Market Segment

    July 21, 2021

    SSAB Americas Sees Increased Shipments, Profits in Q2

    Written by David Schollaert

    SSAB Americas reported record profits on shipments totaling 494,000 metric tons in the second quarter, up 2% from the previous quarter and up 6% when compared to the same year-ago period. Demand for heavy plate remained strong across most consumer segments, the company said.

    Sharp increases in steel prices pushed revenues up 32% from the first quarter to SEK 4,831 million ($554.8 million), and up 50% from the same period last year when revenues were SEK 3,219 million ($369.7 million).

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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