SSAB forecasts strong Q1 steel demand in US, stability in Europe

Swedish steelmaker SSAB forecasts that demand for heavy steel plate will remain strong in the United States in the first quarter of 2019, while in Europe demand will be fairly stable.

SSAB, which has operations in Sweden, Finland and the US, expects steel prices in the first quarter to be “somewhat higher for SSAB Americas, compared with the fourth quarter of 2018. Prices realized by SSAB Europe during the first quarter are expected to be lower,” the company said on Thursday January 30. “The political turbulence surrounding trade barriers, and somewhat weaker leading economic indicators, creates some uncertainty...

Published

Maria Tanatar

January 31, 2019

16:15 GMT

Dnepr