SSAB : Q1 preview: affected by Finland strike and falling US plate steel prices, target price adjusted down to SEK 103
>Weaker market environment than expected, notably in US plate steel - Carrying on from 2023, SSAB has posted the best share performance in the sector year-to-date, up a (modest) 1.5%, thanks to its positions in special steels and in the US, which make it less sensitive than other players to the current deterioration of the steel market due to the weak Chinese economy. However, the group is not completely shielded. In particular, US plate prices continue to trend downw...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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