SSAB warns weak market will hit profits

Dec 23, 2010 | 10:29 AM |

Weak steel market conditions in both the United States and Europe will lead Swedish steelmaker Svenskt Stal AB (SSAB) to post a fourth-quarter 2010 operating profit of "close to zero," the company said.

The Stockholm-based company cited a weak U.S. plate market in the fourth quarter for its decision to push forward part of a maintenance outage at its plant in Mobile, Ala. The outage was originally scheduled for the first quarter of 2011 but was....

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