SSAB cites US strength but flags tariff-driven uncertainty

The Americas segment of Swedish steelmaker SSAB delivered a stable third quarter, but with weaker shipments and continuing cautious demand. Plate prices held, but tariffs, slowing end-user demand, and maintenance patterns are shaping near-term performance.

Stockholm-based SSAB highlighted its Americas segment as the primary driver of a 50% year-over-year rise in the company’s overall operating profit of SEK 1,869 million (~US$198.5 million) in Q3’25.

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.