SSAB : The management remains vigilant but confident for Q4. Outperform recommendation reiterated
>Good Q4 2021 in prospect but some clouds in Europe - The management believes that demand remains solid in Q4 2021 but that there is a risk of a slowdown, notably in Europe due to the seasonal pattern at the year end and the impact of the semiconductor shortage, notably in the auto sector. Conversely, demand remains strong in the US while global demand for advanced high-strength steels (AHSS) is still just as strong. Note that the market share of SSAB Europe’s high va...SSAB is a supplier of high strength steels with products comprising various qualities and dimensions within wear steels and structural steels. Co.'s solutions also include services, from concept to finished delivery. SSAB Wear Services also provides advice, repairs, and sales of spare parts to the aftermarket. The business is organized into three business areas; SSAB Americas, SSAB EMEA and SSAB APAC as well as the subsidiary, Tibnor, which is a steel distributor in the Nordic region. SSAB EMEA consist of Europe, the Middle East and Africa; SSAB Americas of North and Latin America; SSAB APAC of Asia, Australia and New Zealand and Tibnor of steel and metal distribution in northern Europe.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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