SSAB remains bullish on ’14 despite chilly 1st-qtr. results

Apr 25, 2014 | 02:17 PM | Michael Cowden

Tags  SSAB Americas, earnings report, Martin Lindqvist, steel, steel plate, Michael Cowden

CHICAGO — SSAB Americas was hit by severe winter weather in the first quarter that hurt demand, slowed production and delayed deliveries of raw materials and finished products.

The Lisle, Ill.-based steelmaker, a subsidiary of Stockholm-based SSAB AB, said the weather-related problems were expected to be temporary, with the North American economy poised to improve in the second quarter, according to commentary released with earnings data April 25.

"We expect the American market to continue to develop positively in 2014, driven primarily by good demand from energy-related customer segments and the automotive industry," SSAB president and chief executive officer Martin Lindqvist said in a statement.....

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