SSAB Americas logs lower Q2 profits, sees outage charges in Q3

Swedish steelmaker SSAB reported lower profits in the second quarter at its Americas unit. And it expects outage charges in the third quarter.

SSAB Americas logged revenue of Swedish kroners (SEK) 5,702 million (USD$590 million) in the second quarter, down 0.4% from a year earlier. Americas EBITDA decreased 10% to SEK 780 million (USD$80.7 million) in the same comparison.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

Ethan Bernard

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