Regulatory press releases

Unplanned production outage in Raahe, affects first quarter results

Investors, Production, Raahe
February 02, 2022 12:45 CET
One of SSAB’s blast furnaces in Raahe, Finland has been affected by an unplanned outage. Repair work is expected to last throughout February and SSAB Europe’s first quarter 2022 earnings are expected to take a SEK 600 million hit.

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, [email protected], tel. + 46 76 527 2501
Per Hillström, Head of Investor Relations, [email protected], 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.

Attachments

Unplanned production outage in Raahe, affects first quarter results

Related articles

Nov 22Regulatory press releases
Investors
Strategy
Raahe

The change negotiations initiated by SSAB Europe’s Finland Business Unit in Raahe have concluded. The negotiations identified solutions that can deliver permanent cost savings of more than EUR 10...

Sep 25Regulatory press releases
Investors
Strategy
Raahe

SSAB Europe’s Business Unit Finland is to initiate change negotiations in Raahe because of continued weak demand. The target is to structurally reduce the fixed costs by at least EUR 10 million on an...

Dec 16Regulatory press releases
Investors
Production

Due to a breakdown at the rolling mill in conjunction with restarting after the maintenance outage at the Oxelösund site in Sweden, it is estimated that production will restart about one and a half...