SSAB : The special steels division to the rescue
>Special steels more resilient than standard grades - In a very uncertain environment, management declined to detail its anticipations for deliveries for Q2 2020. That said, the group has indicated that the decline in deliveries at SSAB (45% of 2019 EBITDA) and SSAB Europe (15% of EBITDA 2019) will be significant. The decline in deliveries at SSAB special steels (33% of 2019 EBITDA) should be more modest since demand for high strength steels is more resilient than tha...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.
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