Swedish steel maker SSAB’s operating profit for the third quarter increased compared to the same period in 2021 and amounted to SEK 6.7 billion while revenue was SEK 31.5 billion. SSAB said “A weaker European market was compensated by continued strong development in SSAB Special Steels and SSAB Americas. The Group operating profit was down compared with the record level for the previous quarter. SSAB started its first fossil-free steel partnership on the US market, thereby further strengthening the company’s position as leader in the green transition in the steel industry.” SSAB Special Steels’ operating profit increased to SEK 2,411 million for the quarter. The operating margin rose to 28.6%. High-strength steel is SSAB’s primary area of growth and it supports our customers’ ambitions to improve productivity and sustainability performance in machinery and other equipment. SSAB Europe's operating profit for the third quarter decreased to SEK 1,447 million and the operating margin decreased to 12.1%. SSAB America’s operating profit increased to SEK 3,036 million and the operating margin rose to 36.6%
Swedish steel maker SSAB’s operating profit for the third quarter increased compared to the same period in 2021 and amounted to SEK 6.7 billion while revenue was SEK 31.5 billion. SSAB said “A weaker European market was compensated by continued strong development in SSAB Special Steels and SSAB Americas. The Group operating profit was down compared with the record level for the previous quarter. SSAB started its first fossil-free steel partnership on the US market, thereby further strengthening the company’s position as leader in the green transition in the steel industry.” SSAB Special Steels’ operating profit increased to SEK 2,411 million for the quarter. The operating margin rose to 28.6%. High-strength steel is SSAB’s primary area of growth and it supports our customers’ ambitions to improve productivity and sustainability performance in machinery and other equipment. SSAB Europe's operating profit for the third quarter decreased to SEK 1,447 million and the operating margin decreased to 12.1%. SSAB America’s operating profit increased to SEK 3,036 million and the operating margin rose to 36.6%
