SSAB has been informed that today the Rautaruukki Board of Directors has approved the attached statement in support of the share exchange offer.
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SSAB has decided to invest SEK 3.3 billion in a new quenching line in Oxelösund. The investment will expand the capacity of SSAB Specials Steels' most profitable products and has an attractive financial return. Growth in advanced steels is a key in SSAB’s strategy to accelerate premium leadership.
SSAB’s conversion of the mill in Oxelösund to fossil-free production is being delayed due to appeals regarding protection of species. The delay relates to permits for the power line that will connect the new electric arc furnace.
SSAB’s annual general meeting (AGM) was held today, April 28, 2026, in Stockholm. The shareholders were also able to exercise their voting rights by postal voting. The AGM resolved on a dividend of SEK 2.00 per share.