SSAB AB (OTCPK:SSAAY)

$ 2.45 0 (0%) Market Cap: 4.88 Bil Enterprise Value: 3.65 Bil PE Ratio: 6.43 PB Ratio: 0.78 GF Score: 75/100

Q2 2019 SSAB AB Earnings Call Transcript

Jul 19, 2019 / 08:30AM GMT

Release Date Price: $1.62

Transcript

Per HillstrÃ;m;publ;Head of IR

SSAB AB

¶ - ()-

Good morning and welcome to this presentation of the SSAB Second Quarter Report. I am Per HillstrÃ¶m, Head of Investor Relations, and with us today is President and CEO, Martin Lindqvist; and our CFO, HÃ¥kan Folin. And the agenda, Martin will start here with the summary of the quarter, also going through the divisions. HÃ¥kan will pick up on the financials, and then Martin comes back and presents the outlook, and finally, we will open up for questions. So by that, please, Martin, take the stage.

Martin Lindqvist;publ;President

SSAB AB;CEO & Director

()- -

Thank you, Per. So what did we then see during the second quarter? If we start with the Americas, we saw fairly decent demand from end users, but we also saw that Steel Service Centers were quite cautious. For us, deliveries to Steel Service Centers in Americas was roughly 50,000 tonne lower than Q1, and Q1 was not strong either.

We saw spot prices decreasing during

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