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SSAB tops quarterly profit expectations aided by higher steel prices

By Reuters News

Oct 28 (Reuters) - Swedish steelmaker SSAB SSABa.ST reported a slightly bigger-than-expected rise in its third-quarter operating profit on Wednesday, citing improved steel prices and higher shipments.

Operating earnings rose to 2.16 billion Swedish crowns ($217.21 million) in the quarter, from 1.87 billion a year ago. Analysts were expecting 2.14 billion crowns on average, a poll provided by SSAB showed.

($1 = 9.9441 Swedish crowns)

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