SSAAF - European Steel Manufacturer SSAB Looking To Rebound
Thesis
Despite a slowdown in the European economy, the future looks bright for Swedish company SSAB ([[SSAAF]]).
Having been hit hard during late 2018 after the Trump administrations steel tariffs, the stock is set to rebound.
Having had a hard time for the last five years and total losses during these five years of $600 million resulted in the need for a primary offering of $500 million. After that inflow of cash, many things have changed in the right direction.
Company overview
SSAB is a specialized steel manufacturer with its core products of high-quality steel