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SSAB: Report for Q3 2026
Summary
- Revenue was SEK 25,632 (22,960) million
- Operating result was SEK 2,157 (1,869) million, higher prices and higher shipments
- Earnings per share were SEK 1.56 (1.49)
- Net cash was SEK 8.4 (10.8) billion
- Lost time injury frequency (LTIF) decreased to an all-time low of 0.34 (0.56) rolling 12 month
- High level of Automotive advanced high-strength steels (AHSS) and other premium products
- Conversion of Oxelösund progresses according to plan, production start planned for Q2 2027
- Groundwork for Luleå mini-mill continues and the project remains on schedule for production start late 2029
Comments by the CEO
SSAB's operating result for the third quarter of 2026 increased to SEK 2,157 (1,869) million, supported by improved steel prices and higher shipments. We carried out maintenance as planned during the quarter and the cost amounted to SEK 810 (390) million. SSAB Europe increased shipments across most premium segments, including the world-leading Automotive AHSS products, compared to the same period in 2025. Shipments also increased in SSAB Special Steels and SSAB Americas benefitted from its exposure to the strong US plate market.
Increasing the share of premium products is a key part of our strategy and the investment in the highly efficient mini-mill in Luleå will enable significantly higher premium shipments. During the third quarter, the groundwork in Luleå continued. In Oxelösund, the installation of the new electric arc furnace is underway and production start is planned for the second quarter of 2027.
The new EU trade measures entered into force on July 1, 2026, and we can see signs of improved supply-demand balance in the European market. Prices improved in Europe during the third quarter.
During the third quarter, Moody's assigned a credit rating to SSAB for the first time. The long-term issuer rating was Baa2 investment grade with a Stable outlook, marking an important milestone that strengthens our position in the capital markets.
Costs are increasing and realized prices for the steel divisions are expected to be somewhat higher in the fourth quarter, compared to previous quarter. We will complete the annual planned maintenance during the fourth quarter.
SSAB invites you to a presentation of the Q3 2026 report at 9.30am CET on Wednesday, October 28, 2026.
The report will be presented by SSAB's President and CEO Johnny Sjöström, and CFO Leena Craelius.
The press conference will be held in English and live webcast on SSAB's website www.ssab.com.
Link to webcast: https://edge.media-server.com/mmc/p/fkiahj2y
You can also participate in the briefing by telephone. Click on the link below and complete the online registration form. You can choose if you want to dial in or click "Call Me" for a call-back.
Link to teleconference: https://register-conf.media-server.com/register/BI5fd0b915796e40e2ba3ec3fc971e7f30
For further information, please contact:
Helena Norrman, EVP & Head of Group Communications, helena.norrman @ ssab.com, phone: +46 730 66 53 46
Per Hillström, Head of Investor Relations, per.hillstrom @ ssab.com, phone: +46 702 95 29 12
This information is inside information that SSAB AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and information that SSAB AB (publ) is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 7.30am CET on October 28, 2026.