22/07/2026
CEO Johnny Sjöström in SSAB’s report for Q2 2026:
“SSAB’s operating result for the second quarter of 2026 increased to SEK 2,695 (2,140) million. The improvement was mainly related to higher prices and higher shipments, which was partly counteracted by higher cost, including higher cost for logistics and energy as a result of the war in the Persian Gulf.
Despite continued geopolitical uncertainty, we remain focused on executing our strategic priorities, strengthening the premium product offering, and advancing our transformation towards fossil-free steel production. During the quarter, we announced the decision to invest in a new quenching line in Oxelösund to increase the capacity for advanced wear and protection steels, such as Hardox 500 Tuf and Armox.
We continue to execute the investments to modern and fossil-free production. The new electric arc furnace is being installed in Oxelösund and the legal process related to the power line was concluded during the second quarter, which means that the construction of the power line can be completed. Production start is planned for the second quarter of 2027.
The LuleĂĄ project remains on schedule and within budget, with groundwork resumed after precautionary pauses to secure a safe working environment. The steel production in LuleĂĄ continues to operate as normal.
The new trade measures to protect the EU steelmaking sector against global overcapacity entered into force on July 1, 2026 and we expect this to improve the future supply-demand balance in the European market.
During the third quarter, we expect to see a seasonal slowdown in demand and we will carry out planned maintenance at all steel divisions. The implemented price increases will generate somewhat higher prices in the third quarter.”
Read the full report ➡ https://rb.gy/wlfxgi