SSAB Americas’ earnings squeezed

Apr 25, 2013 | 05:55 PM | Catherine Ngai

Tags  SSAB, SSAB Americas Martin Lindqvist, plate, steel plate, steel, Montpelier, Iowa, Catherine Ngai

NEW YORK — SSAB Americas, a subsidiary of Swedish steelmaker SSAB AB, saw its first-quarter earnings squeezed due to softer U.S. prices and lower volumes.

SSAB Americas posted operating profit of 87 million kronor ($13.18 million) for the three-month period ended March 31, down 87 percent from the 670 million kronor income recorded in the same quarter a year ago. ....

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