SSAB AB

Latest Results (15.10.2025):

SSAB AB announced its financial results for the second quarter of 2025, highlighting a decrease in operating profit compared to the same period last year, primarily due to lower standard steel prices. Despite this, the company achieved an improvement from the previous quarter, largely driven by increased prices in SSAB Americas. SSAB AB is also addressing market challenges in Europe and progressing with strategic transformation projects.

Overall Operating Results

For Q2 2025, SSAB AB reported an operating result of SEK 2,140 million, a decrease from SEK 2,969 million in Q2 2024. This decline was mainly due to lower prices for standard steel. However, the operating result showed an improvement from the previous quarter, thanks to higher prices in SSAB Americas.

Segment Performance

SSAB Special Steels achieved an operating result of SEK 1,480 million with a 22% operating margin, up from 21% in the previous year. SSAB Americas reported SEK 807 million in operating results with a 14% margin, down from SEK 1,204 million and a 19% margin last year. SSAB Europe saw a significant decrease to SEK 110 million in operating results and a 1% margin, compared to SEK 400 million and a 3% margin in Q2 2024.

Market Conditions and Adjustments

The second quarter experienced increased uncertainty due to tariffs and trade barriers, particularly impacting the European steel market. In response, SSAB Europe plans to adjust production and staffing levels in Q3 2025 through measures such as planned maintenance, time banks, and short-time work.

Strategic Transformation Projects

Progress continues on the transformation of Luleå and the conversion of Oxelösund, aimed at reducing costs, improving the product mix, and eliminating CO2 emissions. However, the start-up of the new steel mill in Luleå has been delayed by 12 months to the end of 2029 due to grid transmission issues, without affecting the planned investment of EUR 4.5 billion.

New Agreements and Sustainability

SSAB AB signed an agreement with Volvo Cars for the delivery of SSAB Zero steel starting in 2025 and for purchasing high-quality scrap steel. The scrap will be recycled in Oxelösund's new electric arc furnace, producing steel without fossil carbon dioxide emissions.

Workplace Safety

SSAB AB maintained its commitment to workplace safety, with the lost time injury frequency (LTIF) remaining stable at 0.64 during Q2 2025.