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Annual Report 2025
SSAB has today March 17, 2026 published its Annual Report and the Corporate Governance Report 2025. The Annual Report provides an overview of SSAB’s financial and sustainability performance in 2025.
Updates on the situation at the new steel plant construction site in Luleå.
SSAB is building the world’s most electrified steel plant in Luleå, scheduled for completion by the end of 2029. Construction activities were temporarily paused on 3 April following reports of illness, in line with SSAB’s principle that safety always comes first. On 26 May, SSAB announced that reopening of the construction site will begin following completion of the analysis into thecauses of the reported symptoms.
Read more hereLatest press releases
On May 11, 2026, SSAB announced that the commissioning of the new electric arc furnace (EAF) in Oxelösund would be delayed due to appeals in the permitting process relating to the powerline that will connect the EAF. The appeals have now been withdrawn, and Vattenfall Eldistribution has announced that construction of the power line will resume. Today’s announcement means that the start of production in the new EAF is now expected in the second quarter of 2027.
SSAB is supplying decarbonized steel to Vattenfall for the construction of the ground-mounted solar park Juliusburg/Krukow in Schleswig-Holstein, Germany. The steel, SSAB Zero™, is produced from recycled scrap using fossil-free electricity and biogas, resulting in up to 70 percent lower fossil carbon emissions compared to conventional steel.
This week, SSAB is initiating a controlled restart of the steelworks construction in Luleå after completion of the analysis of the causes behind disease symptoms. Extensive measurements have been carried out where no measurement results have shown concentrations above the applicable limit values, neither in air, gases nor in soil except what was previously known. After consultation with experts in the respective fields, the overall analysis is that symptoms have arisen because of a combination of factors, with exposure to fine dust particles from construction activities being the primary factor. The negative impact of fine dust particles is amplified as a result of low humidity and the presence of seasonal respiratory viruses.
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[When new information is available, this text will be updated]
SSAB has opened a new steel service center in Mumbai, India dedicated to producing and supplying parts, kits and advanced components made from Hardox® wear plate and Strenx® performance steel, together with the specialised workshop processing that manufacturers need.
The heating and cooling plant built by energy company Loimua at SSAB’s Hämeenlinna site is now complete and operational. The plant utilizes waste heat from SSAB Hämeenlinna in the city’s district heating network and covers about 15% of Hämeenlinna’s district heating needs.
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