One blast furnace at SSAB’s Raahe mill, in Finland, has suffered an unexpected outage. The company is now performing maintenance and the unit should be restarted next month.
The unexpected maintenance work is likely to impact first-quarter earnings by some $65 million, the company states, as well as hit both production and shipments. “SSAB will make every effort to minimise the negative implications for customers,” the Swedish steelmaker says.
SSAB closed 2021 with record operating profit, and with production and shipments recovering from the lows of 2020, Kallanish notes.
Emanuele Norsa Italy