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    January 28, 2022

    Record Year, Q4 Results for SSAB Group in 2021

    Written by David Schollaert

    Swedish steelmaker SSAB saw its best full-year earnings in company history in 2021 with all divisions posting record results thanks to high steel prices, the company said.

    SSABSSAB Americas’ revenue was $6.153 billion Swedish krona ($650 million USD) in the fourth quarter of 2021, up 78% compared to the same year-ago quarter thanks to higher steel prices and contributing to full-year revenue of $20.68 billion SEK ($2.19 billion USD), according to financial results posted Friday, Jan. 28.

    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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