Announcement • Jun 29
SSAB Pauses Work At Construction Site In Luleå Due To Detection Of Low Levels Of Hydrogen Cyanide SSAB had once again paused work at the construction site for its new steel mill in Luleå after personal gas detectors registered low levels of hydrogen cyanide. The detected levels have not exceeded applicable occupational exposure limits and are not considered to pose any risk to personnel on site. No work will resume until the situation has been investigated and deemed safe. Work was first paused on April 3 after several people experienced symptoms of illness. The site was gradually reopened from May 27 following a root cause analysis that concluded the symptoms were caused by dust in combination with respiratory viruses and weather conditions. The analysis was based on an extensive program of soil samples, soil gas samples and gas measurements, none of which identified any measured gases that could be linked to the symptoms. SSAB will now, together with external experts, assess how the existing measurement program can be expanded - including measurements under production-like conditions with the required personal protective equipment - and carry out additional analyses to investigate this new information. The pause applies to the areas where gas detector readings have been registered, as well as adjacent areas where groundworks are being carried out. Further information will be provided when additional measurement results and analyses are available. SSAB's current assessment is that the paused work will not have any material impact on the project's overall schedule or budget. Announcement • Apr 22
SSAB AB (publ) Receives EUR 20 Million Funding from Business Finland for Sustainable World Through Steels Research and Development Program SSAB AB (publ) has been selected as one of Business Finland's new leading companies in the challenge competition launched in spring 2025. Business Finland, a Finnish public innovation funding organization, has granted SSAB EUR 20 million in funding for a new Sustainable World through Steels research and development program, aimed at the transition to fossil-free steel production and the development of low-carbon products in collaboration with customers. With funding from Business Finland, SSAB will initiate a five-year research and development program titled Sustainable World through Steels. Business Finland announced the new leading companies. The objective of SSAB's program is to create an ecosystem comprising more than 200 partners, including research institutes and universities, digitalization partners, other steel producers, technology developers, and customer companies. In addition to the funding received by SSAB, several project packages related to the lead project ecosystem are currently in preparation. Overall, the estimated total cost of SSAB's lead project is EUR 50 million. SSAB will further strengthen the research ecosystem by significantly expanding international research and collaboration through EU funding. The ecosystem is expected to generate new business and increase export industry activity. The themes of the new program are: 1) Solutions for fossil-free electric steelmaking 2) Optimization and development of a sustainable fossil-free supply chain through digitalization 3) Low-emission steel applications and value chains at large scale 4) Circular utilization of steel mill side streams and materials. Through its challenge competitions, Business Finland seeks to fund research and development projects by companies operating globally or aiming for global operations, where the companies address major future challenges and make a significant contribution to Finland's competitiveness. Leading companies are required to substantially increase their R&D activities in Finland and to build ecosystems aimed at creating new business. In addition to funding the leading company's own projects, Business Finland also finances R&D projects carried out by partners within the ecosystem. Announcement • Mar 17
SSAB AB (publ) Announces Directors Not Standing for Re-Election SSAB AB (publ) announced that Bernard Fontana and Mikael Mäkinen have declined re-election at its Annual General Meeting to be held on April 28, 2026. Announcement • Jan 28
SSAB AB (publ) Proposes Dividend for the Financial Year 2025 SSAB AB (publ) announced that the Board proposed a dividend of SEK 2.00 per share for the financial year 2025 against SEK 2.60 per share paid last year. Announcement • Oct 10
SSAB AB (publ), Annual General Meeting, Apr 28, 2026 SSAB AB (publ), Annual General Meeting, Apr 28, 2026. Announcement • May 02
SSAB AB (publ) Approves Dividend, Payable on May 7, 2025 SSAB AB (publ) at its AGM held on April 29, 2025 resolved on a dividend of SEK 2.60 per share, with May 2, 2025 as the record date. The dividend is expected to be distributed by Euroclear Sweden AB on May 7, 2025. Announcement • Mar 18
SSAB Announces Management Changes, Effective April 1, 2025 SSAB is making changes in the support functions of its Group Executive Committee. Carl Orrling has been appointed as a new member of SSAB's Group Executive Committee. Carl Orrling has been appointed EVP CTO with responsibility for the Transformation Office and will become a new member of SSAB's Group Executive Committee. The Group Executive Committee will be reduced from 11 to 9 members. Christina Friborg (SVP Sustainability, Ethics & Compliance, Health & Safety), Eva Petursson (SVP Research & Innovation), and Lars Sjöbring (SVP General Counsel) will retain their responsibilities and continue to report to Johnny Sjöström but will no longer be members of the Group Executive Committee. Martin Pei, the former EVP CTO, will become a Senior Advisor with a focus on securing raw material supplies for the new fossil-free steel plants. He will continue to represent SSAB as Chairman of the Board of Hybrit Development AB and will still report to Johnny Sjöström. These changes will take effect on April 1, 2025. The new Group Executive Committee will consist of: Johnny Sjöström - President and CEO of SSAB, Leena Craelius - EVP Chief Financial Officer, Per Elfgren - EVP Head of SSAB Special Steels, Tony Harris - EVP Head of SSAB Europe, Chuck Schmitt - EVP Head of SSAB Americas, Maria Långberg - EVP Organization and Culture, Helena Norrman - EVP Communications, Carl Orrling - EVP CTO and Head of the Transformation Office and Viktor Strömberg - EVP Strategy and Digitalization. Announcement • Feb 04
Jennmar Corporation completed the acquisition of Rock bolt manufacturing unit in Virsbo from SSAB AB (publ) (OM:SSAB A). Jennmar Corporation has entered into an agreement to acquire Rock bolt manufacturing unit in Virsbo from SSAB AB (publ) (OM:SSAB A) on January 7, 2025. As a part of acquisition, in total, 66 people are affected by the acquisition and have received an offer to continue their employment with Jennmar. The transaction is expected to be finalized in the first quarter of 2025.
Jennmar Corporation completed the acquisition of Rock bolt manufacturing unit in Virsbo from SSAB AB (publ) (OM:SSAB A) on February 3, 2025. Announcement • Jan 22
SSAB Appoints Helena Norrman as EVP & Head of Group Communications, Effective April 16, 2025 SSAB has appointed Helena Norrman as EVP & Head of Group Communications, a newly-created role in the company's Group Executive Committee. Helena will take up the position by April 16, 2025 and will be responsible for communication at SSAB.Helena Norrman joins SSAB from her role as partner and communications advisor at global communications consultancy Kekst CNC. Prior to this, she held several leading positions at global telecom company Ericsson, where for example, she headed Marketing and Corporate Relations and was a member of the company's Executive Team. In her role as EVP & Head of Group Communications, Helena will be a member of SSAB's Group Executive Committee and play an important role in the company's continued development. Helena Norrman holds a degree in International Business Administration from the University of Linköping in Sweden. Announcement • Dec 20
SSAB Appoints Tony Harris as New Head of SSAB Europe, Effective February 1, 2025 SSAB announced Tony Harris has been appointed as new head of SSAB Europe effective February 1, 2025. He transitions into this role from his current position as Head of Sales and Business Development at SSAB Europe. He has a strong commercial background from both small and medium-sized enterprises and multinational corporations. His expertise covers not only sales and business development but also operations and general management. Since joining SSAB in 2014, following the merger with Rautaruukki, Tony has served as a key member of SSAB Europe's Management Team. Upon assuming his new role, he will also join SSAB's Group Executive Committee. Tony will succeed Olavi Huhtala, who earlier has announced his retirement. Announcement • Dec 05
SSAB Receives Financing from EU and Swedish Agency for Economic and Regional Growth SSAB is granted SEK 1.45 billion in the framework of the Just Transition Fund, an EU fund that in Sweden includes support to the transition of the steel industry in Norrbotten. The funding will contribute to the transformation to fossil-free steel production of SSAB's operations in Luleå, a technology shift that will significantly reduce Sweden's carbon dioxide emissions. SSAB plans to decommission the current coal and blast furnace-based production system in Luleå in favor of a state-of-the-art fossil-free mini-mill with electric arc furnaces and rolling complexes. This will reduce Sweden's CO2 emissions by 7% in addition to the 3% from the conversion of SSAB's steel plant in Oxelösund. Startup of the new mill in Luleå is planned at the end of 2028 with full capacity in 2029, while startup of the new electric arc furnace in Oxelösund is expected toward the end of 2026. The investments are mainly funded with SSAB's own cash flow. The Just Transition Fund is an EU fund that focuses on industries and regions with high carbon dioxide emissions. The fund will help reduce emissions and tackle the challenges created by the transition. In Sweden's national program for the Just Transition Fund, the eligible sectors are the steel, metal and cement industries. The steel industry in Norrbotten was pinpointed as one of three industries that could be awarded the funds. On October 21, 2024, the European Commission announced that it had approved a Swedish measure to support SSAB through the Just Transition Fund. On December 4, 2024, the Swedish Agency for Economic and Regional Growth, which administers the fund in Sweden, announced that SSAB is granted SEK 1.45 billion in EU funding and national co-financing. SSAB has previously been granted nearly SEK 38.6 million from the same fund for SSAB Academy, a pilot program for employee competence development in Luleå. Announcement • Dec 03
SSAB AB Announces Retirement of Chuck Schmitt, Head of SSAB Americas SSAB AB announced that Chuck Schmitt, Head of SSAB Americas, will retire in the summer of 2025. A recruitment process to find his successor will begin shortly. Chuck Schmitt has been Head of SSAB Americas and a member of SSAB's Group Executive Committee since 2011. He has been with the company since 1990, starting at the U.S.-based IPSCO which was later acquired by SSAB. Chuck Schmitt will remain in his current position until June 30, 2025. A recruitment process to find his successor will begin shortly. Announcement • Oct 28
Martin Lindqvist to Step Down from SSAB's Board of Directors As previously communicated, Martin Lindqvist has left his position as SSAB's President and CEO. On October 28, 2024 he has announced that he is also leaving his position in the Board of Directors. Announcement • Oct 08
SSAB AB (publ) to Report Fiscal Year 2024 Results on Mar 17, 2025 SSAB AB (publ) announced that they will report fiscal year 2024 results at 8:00 AM, Central European Standard Time on Mar 17, 2025 Announcement • Sep 05
SSAB AB (Publ) Announces Retirement of Olavi Huhtala as Head of SSAB Europe SSAB AB (publ) announced that Olavi Huhtala, Head of SSAB Europe, will retire during winter 2025. A recruitment process to find his successor will now begin. Olavi Huhtala has been head of SSAB Europe and a member of SSAB's Group Executive Committee since 2014. Olavi Huhtala will remain in his role as head of SSAB Europe until the end of January 2025, after which he will remain as an advisor. Announcement • Mar 21
SSAB Launches World's First Emission-Free Steel Powder SSAB is launching the world's first emission-free steel powder for commercial deliveries, made of recycled SSAB Zero® steel. The product will create opportunities for customers to 3D-print their unique designs in steel produced without fossil carbon dioxide emissions. The powder combines the properties of SSAB's high-strength steel with the light structural possibilities of 3D-printing. The production of steel is a large source of CO2 emissions when it comes to 3D-printing of steel products. By pulverizing SSAB's emission-free steel with fossil-free energy sources only, the carbon dioxide emissions from the steelmaking are reduced to virtually zero. Last year, SSAB launched its first conventional steel powder to the market, SSAB AM Engineering, and now the portfolio is expanded with SSAB AM Tough Zero®. SSAB will also be able to offer its unique fossil-free steel, based on HYBRIT technology, as a powder in limited volumes. In 2020, SSAB in Oxelösund invested in a steel powder production facility to produce premium advanced high-strength steel powder for additive manufacturing, also known as 3D-printing, as a complement to SSAB's regular steel offering. Steel powder is ideally suited for limited series of tailormade components or spare parts requiring high structural integrity and optimal functionality. It can be used in a wide variety of industries, from consumer goods to heavy machinery to automotive and more. SSAB has already provided prototype fossil-free steel powder to selected customers. In 2023, HT Laser 3D-printed the first fossil-free steel component suitable for a forest machine, and mining company Epiroc revealed a prototype hydraulic block for a rock drill in conventional steel powder and said it was exploring the possibility of using fossil-free powder. In 2022, Triwa launched the first consumer product made with fossil-free steel powder - a watch. To make powder, molten steel tailored for 3D-printing is broken up by high pressurized atomization gas, creating small spherical droplets which are solidified into powder. The steel powder is also produced using only fossil-free energy sources. Announcement • Mar 19
SSAB AB (publ) to Report Fiscal Year 2023 Results on Mar 18, 2024 SSAB AB (publ) announced that they will report fiscal year 2023 results on Mar 18, 2024 Announcement • Mar 16
SSAB AB (publ) Proposes Dividend, Payable on May 2, 2024 SSAB AB (publ)at the Annual General Meeting to be held on April 24, 2024, the Board of Directors proposed a dividend of SEK 5 per share. April 26, 2024, is proposed as the record date for payment of the dividend. Provided that the Meeting resolves in accordance with the proposal, dividends are expected to be distributed by Euroclear Sweden AB on May 2, 2024. Announcement • Jan 31
SSAB AB (publ) Proposes Dividend The board of SSAB AB (publ) proposed a dividend of SEK 5.00 (SEK 8.70) per share. Announcement • Oct 31
SSAB AB (publ) (OM:SSAB A) commences an Equity Buyback Plan, under the authorization approved on April 18, 2023. SSAB AB (publ) (OM:SSAB A) commences share repurchases on October 26, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 18, 2023. As per the mandate, the company is authorized to its own shares such that the company's holding of shares does not exceed 10% of issued share capital. The price to be paid for repurchase should be between the highest purchase price and lowest selling price applicable from time to time on Nasdaq Stockholm or Nasdaq Helsinki. The authorization will be valid till Next Annual General Meeting of the company in 2024.
On October 25, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to 102,983,532 shares for SEK 2,500 million. The company will repurchase 30,418,327 Series A shares for SEK 625 million and 72,565,205 Series B shares for SEK 1,875 million. The plan will commence from October 26, 2023, and will be valid till March 11, 2024. As of October 25, 2023, the company had 1,029,835,326 issued shares, of which 304,183,270 are Series A shares and 725,652,056 are Series B shares. Announcement • Sep 12
SSAB to Showcase Hardox Wear Plate at Mining Indonesia SSAB will join others in the industry to show case the latest and greatest of its Hardox offerings, in particular, its benefits for the mining and construction sector. Superior Hardox Wearplate: Quarry and mining operations often put high demands on equipment, and Hardox is able to alleviate many of the concerns throughout the production flow due to its unique properties. As a global leader in abrasion-resistant (AR) steel, utilizing Hardox translates to extended longevity and guaranteed high productivity in even the most challenging environments compared to other steel products on the market. Most importantly, safety is always the number one concern that the use of Hardox®? can address. Superior wear resistance reduces potential downtime needed for repair, be it damage caused by sliding, impact, or squeezing. Perfect for new and existing operations, the outstanding weldability and workshop-friendly properties of Hardox®? mean it can be easily integrated into established repair regimes, ensuring that production stays efficient and reduces the need to rely on stockpiling of spare parts. Hardox is versatile, tough and high performance: In addition, the design of the Hardox wear plate breaks the boundaries of traditional limits, allowing for new levels of performance that are enhanced further by increased cost savings for various applications includingvels, bulldozers, tippers, transfer chutes, and more. Hardox is also designed for applications requiring extremely high abrasion resistance that can still be welded, cut, milled, and drilled using standard workshop practices. Meanwhile, grades of genuine Hardox wear plates are manufactured in SSAB's advanced facility, one of the world's most CO2 efficient steel production plants. Announcement • May 24
SSAB AB (publ) Announces Executive Changes, Effective July 1, 2023 Fredrik Haglund, current head of the Tibnor Denmark business unit, will take up the position of Tibnor President on July 1, 2023. Kimmo Väkiparta, current President, has decided to leave the company at his own request. Fredrik Haglund has been with Tibnor since 2008, and a member of the management team since 2016. He has led Tibnor Denmark since 2020, as well as managing Tibnor's parts business and Tibnor Sweden logistics andproduction before that. Fredrik Haglund will take up his new position on July 1, 2023, and be located at Tibnor HQ in Solna, Sweden. Announcement • May 10
SSAB AB (publ) Appoints Lars Sjöbring as EVP and Head of Legal Affairs and General Counsel and A Member of the Group Executive Committee, Effective May 15, 2023 Lars Sjöbring is appointed EVP and Head of Legal Affairs and General Counsel at SSAB AB (publ) and a member of the Group Executive Committee. He joins SSAB from a similar role at Education First Group and was previously EVP Legal Affairs and General Counsel at Veoneer and Autoliv. Lars Sjöbring holds a Master of Laws in American Corporate Law from Fordham University in the USA and a Master of Laws in European Business Law from the University of Amsterdam. He also holds an LLM from Lund University in Sweden. Lars Sjöbring will be based at SSAB's headquarters in Stockholm and will take up his position in May 15, 2023. Announcement • Jan 31
SSAB AB (Publ) Announces Resignation of Jonas Bergstrand as General Counsel SSAB AB (publ) announced that Jonas Bergstrand, General Counsel at SSAB, has decided to leave SSAB to become General Counsel at Volvo Construction Equipment. Jonas Bergstrand has been General Counsel and a member of SSAB's Group Executive Committee since 2006. In the meantime, he has also held several other important responsibilities at SSAB including strategy, purchasing and M&A. Jonas Bergstrand is leaving SSAB this summer and a recruitment process to find his successor will begin immediately. Announcement • Oct 15
SSAB AB (publ) to Report First Half, 2023 Results on Jul 21, 2023 SSAB AB (publ) announced that they will report first half, 2023 results on Jul 21, 2023 Announcement • Oct 14
SSAB AB (publ) to Report Fiscal Year 2022 Results on Jan 27, 2023 SSAB AB (publ) announced that they will report fiscal year 2022 results at 7:30 AM, Central European Standard Time on Jan 27, 2023 Announcement • Sep 29
SSAB Introduces Its Newest Innovations, Hardox 500 Tuf and Hardox HiAce, to Overcome Major Challenges Imposed in Indonesia's Mining and Infrastructure SSAB, introduced its newest innovations, Hardox 500 Tuf and Hardox HiAce, to overcome major challenges imposed in Indonesia's mining and infrastructure. Lighter materials for improved performance: Hardox 500 Tuf wear plate is the latest upgrade in the Hardox range. It delivers exceptional strength, hardness and toughness in a single wear plate. Although it's a newcomer to the Hardox family, it has proved its worth around the world in tipper bodies, containers, mining tippers and trays, buckets of all kinds, agricultural equipment, liners and wear parts. Hardox 500 Tuf combines the best properties from Hardox 450 and Hardox 500. The results A wear plate with no real competition on the market. Specialized protection: Another innovation, Hardox HiAce, offers a significant upgrade as it possesses the same excellent properties as the Hardox 450 but is designed to be more abrasive resistant and durable in acidic environments. While it performs the same as 400 HBW steel in regular work environments, its unique steel composition allows it to protect up to three times better in lower pH level environments that promote pitting or corrosion of metal in a localized area. As such, the Hardox HiAce is suitable for equipment and vehicles used in municipal and industrial waste management facilities, waste-to-energy plants and biomass facilities, as well as mining and quarrying sites. Announcement • May 12
An unknown buyer acquired 4.3% stake in SSAB AB (publ) (OM:SSAB A) for SEK 2 billion. An unknown buyer acquired 4.3% stake in SSAB AB (publ) (OM:SSAB A) for SEK 2 billion on May 10, 2021. Under the term of consideration, an unknown buyer acquired 44.3 million shares at price of SEK 45.5 per share.
An unknown buyer acquired 4.3% stake in SSAB AB (publ) (OM:SSAB A) on May 10, 2021. Announcement • Feb 26
SSAB Appoints Karl-Petter Thorwaldsson as Senior Advisor Karl-Petter Thorwaldsson, former president of the Swedish Trade Union Confederation, LO, is to join SSAB as Senior Advisor to strengthen the company's government relations and public affairs in Sweden and at the EU level. The recruitment is a step in SSAB's ambition to lead the green transformation in the steel industry, which requires good, close dialogue between industry and society in general. Karl-Petter Thorwaldsson will report directly to Martin Lindqvist, SSAB's President and CEO. 
