SSAB A

Jefferies called SSAB’s comments on price developments in the fourth quarter in the US markets disappointing, after which SSAB shares in Stockholm fell by around 6 percent. Analyst Cole Hathorn expressed surprise and raised the question of whether contract signings are being delayed and will only have a positive effect in the next fiscal year. Weaker SSAB comments also pulled steel stocks across Europe, such as Salzgitter and thyssenkrupp, lower. » Mere på finanzen.net

SSAB signaled disappointing price trends for the final quarter in the US market, prompting criticism from Jefferies. The SSAB share fell by almost 6 percent in Stockholm. The company also expects higher raw material costs across all segments and stagnant deliveries in the Americas, which weighed on the shares of other steel companies. » Mere på finanzen.net

The SSAB B share lost 6.8% and fell to SEK 97.60 after strong gains since the start of the year triggered profit-taking. Investors are mainly concerned about an expected lower steel delivery in the third quarter and repeated construction stoppages at the electrified steel plant in Luleå, which increase schedule and cost risks. Despite solid Q2 numbers, the more cautious outlook shifted the valuation and the risk‑return balance, while a weaker market environment intensified selling pressure. » Mere på de.investing.com