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    Home > Finance > SSAB profit beats analysts' estimates on demand for premium steel products
    Finance

    SSAB profit beats analysts' estimates on demand for premium steel products

    Published by Global Banking and Finance Review

    Posted on January 29, 2025

    1 min read

    Last updated: January 27, 2026

    Image depicting a steel production facility, highlighting SSAB's premium steel products. The image connects to SSAB's recent profit report, emphasizing resilient demand despite weak market conditions in Europe and North America.
    Steel production facility showcasing premium steel products - Global Banking & Finance Review
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    Tags:sustainabilitycorporate profitsfinancial managementinvestment portfoliosmarket conditions

    Quick Summary

    SSAB's Q4 profit beat expectations due to strong demand for premium steel, despite weak markets in Europe and North America.

    SSAB Surpasses Profit Expectations Amid Strong Demand for Premium Steel

    (Reuters) -Sweden's SSAB posted fourth-quarter operating profit well above analysts' estimates on Wednesday, helped by resilient demand for its high-strength steel and other premium products despite generally weak European and North America markets.

    Operating result slumped to 487 million Swedish crowns ($44.36 million) in the October-December quarter from 2.40 billion crowns in the year-ago period.

    This, however, beat the 419.1 million crowns expected by analysts on average, according to a consensus provided by the company.

    The steelmaker said prices in the United States were significantly lower and its Special Steels and European divisions were hit by the weak market in Europe.

    SSAB, which operates steel businesses on both sides of the Atlantic, said it expected demand to remain weak in its home markets, Europe and North America during the first quarter, but with a seasonal improvement in shipments.

    It proposed a dividend of 2.60 crowns per share for last year, 48% lower than the 5.00 crowns for 2023.

    ($1 = 10.9779 Swedish crowns)

    (Reporting by Marta Frąckowiak in Gdansk; Editing by Subhranshu Sahu)

    Key Takeaways

    • •SSAB's Q4 profit exceeded analyst expectations.
    • •Demand for high-strength steel remained strong.
    • •European and North American markets were weak.
    • •US steel prices were significantly lower.
    • •SSAB proposed a reduced dividend for last year.

    Frequently Asked Questions about SSAB profit beats analysts' estimates on demand for premium steel products

    1What was SSAB's operating profit for the fourth quarter?

    SSAB reported an operating profit of 487 million Swedish crowns for the fourth quarter.

    2How does SSAB's current profit compare to last year's?

    The operating result slumped from 2.40 billion crowns in the year-ago period.

    3What factors contributed to SSAB's profit exceeding estimates?

    The profit beat analysts' estimates due to resilient demand for high-strength steel and premium products.

    4What is SSAB's outlook for demand in early 2024?

    SSAB expects demand to remain weak in Europe and North America during the first quarter of 2024.

    5What dividend did SSAB propose for last year?

    SSAB proposed a dividend of 2.60 crowns per share, which is 48% lower than the previous year's 5.00 crowns.

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