SSAB : Q3 preview: US still a key strength for the stock
>Sluggish conditions in Europe, more solid in US - After plunging 14% upon Q2 release on 21 July, SSAB’s share price has remained under pressure, shedding another 9% since. Investor concerns have focused on the worsening economic environment in Europe and the US. But the challenges for these two zones are not the same, in our view. In Europe, the deterioration is the strongest due to weak volumes, with Salzgitter and Swiss Steel already dropping or downgrading their g...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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