One of the blast furnaces at SSAB’s steel mill in Raahe, Finland has been shut down for repairs. Repair work is expected to last throughout February after which it is expected the blast furnace can be restarted. The outage will result in lost production and shipments, as well as repair costs. The earnings of SSAB Europe are expected to be impacted negatively by around SEK 600 million in the first quarter of 2022. SSAB will make every effort to minimize the negative implications for customers.

Contact persons:
Mia Widell, Head of Corporate Communications, mia.widell@ssab.com, tel. + 46 76 527 2501
Per Hillström, Head of Investor Relations, per.hillstrom@ssab.com, tel. + 46 70 295 2912

This information is inside information that SSAB AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 12.45pm CET on February 2, 2022.