The improvement in the company’s performance was mainly driven by stronger results in the SSAB Europe and SSAB Americas segments.
In the same period, earnings per share increased from SEK 1.13 to SEK 1.61, while net cash position declined from SEK 14.4 billion to SEK 9.6 billion due to seasonal working capital growth. The lost time injury frequency (LTIF) improved from 0.67 to 0.49, reaching its lowest level ever recorded.
The company stated that shipments of advanced steel remained strong in the first quarter, and that growth in this area forms the foundation of its premium-product-focused strategy.
Regarding the new EU trade measures proposed by the European Commission in 2025 to protect the EU steel industry against global overcapacity, it was noted that a political agreement was reached in April between the European Parliament and the Council of the European Union. The regulation is expected to enter into force on July 1, 2026, and SSAB expects it to improve supply-demand balance in the European market.
The company also confirmed that it continues its transformation investments toward fossil-free production. The Oxelösund conversion project is progressing with the construction of a new electric arc furnace, while the construction of the highly efficient mini-mill in Luleå was temporarily halted at the beginning of the second quarter due to health issues among contractors. The company stated that inspections and testing are ongoing to safely restart the facility, while existing steel production in Luleå continues normally.
It was also noted that the direct impact of the conflict in the Persian Gulf on the company remains limited, although customers in several markets have become more cautious and a prolonged conflict could pose risks to economic activity.
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