SSAB : Most segments in good shape at the start of the year aside from US plates, target price raised to SEK 105 vs SEK 89
>More disciplined supply behind the recent steel price rises - SSAB posted the best stock market performance in the sector in 2023, gaining 35% thanks to its positions in special steels and in US, two segments that have fared particularly well over the last 12 months. The rally has been especially pronounced since the 23 October low (+37%), spurred by healthy steel prices in the US but also, more recently, in Europe. Recent trends remain positive in most flat steel ca...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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