SSAB forecasts good Q3 steel demand in US, weakening demand in Europe

Swedish steelmaker SSAB expects demand for heavy steel plate to remain strong in the United States during the third quarter of 2019 but sees demand for flat steel in Europe decreasing due to seasonal reasons.

Shipments of steel products from SSAB's Americas division totaled 909,000 tonnes in the second quarter, down by 6.54% year on year, the steelmaker said on Friday July 19. Shipments from SSAB Europe during the same period declined by 6.68% year on year to 475,000 tonnes. SSAB expects steel prices from both divisions...


Maria Tanatar

July 19, 2019

21:23 GMT