SSAB Report for the first quarter 2018

SSAB’s operating profit for Q1 2018 was SEK 916 million, up SEK 214 million compared with Q1 2017. Earnings were also up compared with the prior quarter, however earnings were negatively affected by some operational issues. There was a two weeks production disruption in the blast furnace in Oxelösund that affected SSAB Special Steels. During the quarter, we also had capacity problems in rail transport of slabs which resulted in both output and shipment losses in SSAB Europe. Both issues were resolved by the end of the quarter. Demand is still good in our markets and SSAB’s growth initiatives developed well during the quarter.

Read more at Report for the first quarter 2018: Continued improvement in earnings, despite temporary headwinds in operations.

Leave a Reply

%d bloggers like this: