SSAB Reports Stable US Plate Demand Despite Rising Uncertainty

Swedish steelmaker SSAB expects the heavy plate market in North America to remain relatively stable, reporting solid demand across most of its customer segments.

SSAB Americas, which is made up of steel and plate production at its 1.25-million-tons-per-year mill in Montpelier, Iowa, reported increased operating profits in the second quarter despite lower year-on-year shipments. This was primarily because of higher prices, the company said in its Q2 2022 earnings report.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.