SSAB 1st-qtr. profits down 22.9% year-on-year

Apr 27, 2012 | 11:21 AM |

SSAB reported operating profits of SKr479 million ($71.3 million), down 22.9% year-on-year as its capacity utilisation rate dropped, a company spokeswoman said on Friday April 27.
“During the first quarter of 2012 we were only running one blast furnace in Oxelösund until March, so capacity utilisation was 80%,” she said. ....

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