SSAB B | Prediction 2019-08-09 > 2020-04With the increasing prices on iron and decreasing prices on steel i still expect a downturn for SSAB until the first quarter of 2020. Part-time personnel are being reduced and a furnace got shut down recently. I expect a turn in the middle of the first quarter of 2020, it isnt ogre yet (shrek is lif
SSab Swedish Steel AB
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0.25 USD
499.82 M USD
9.81 B USD
About SSAB AB Class A
Sector
Industry
CEO
Johnny Sjöström
Website
Headquarters
Stockholm
Founded
1918
IPO date
Jul 3, 1989
Identifiers
3
ISIN US78467D1037
SSAB AB engages in the production of steel and construction solutions. It operates through the following segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The SSAB Special Steels segment markets and sells quenched, tempered, and hot rolled steels. The SSAB Europe segment focuses on strip, plate, and tubular products. The SSAB Americas segment is involved in the production of heavy plates in North America, and for steel and plates in Montpelier and Mobile, USA. The Tibnor segment distributes steel and non-ferrous metals in the Nordic region and Baltics. The Ruukki Construction is composed of sales and production of energy-efficient building and construction solutions, with a focus on Northern and Eastern Europe. The company was founded in 1978 and is headquartered in Stockholm, Sweden.
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SSAB consolidating with likely breakout upwards comingAfter years of battering, the stock found a low >1 year ago.
Most of 2017 has seen sideways consolidation with the recent forming of a Daily pennant.
There are sector fundamentals behind this too, with recently introduced EU tariffs on steel, which has all but dried up Chinese imports. Thus placi
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