First quarter 1998

* Sales increased by 14%, primarily as a result of increased prices

* Profit after financial items improved by SEK 207 million to SEK 677 (470) million.

* Improved profit and a smaller increase in working capital resulted in a positive cash flow, SEK 244 (–195) million.

About Us

SSAB is a Nordic and US-based steel company. SSAB offers value added products and servicesdeveloped in close cooperation with its customers to create a stronger, lighter and more sustainableworld. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finlandand the US. SSAB is listed on the Nasdaq OMX Nordic Exchange in Stockholm and has asecondary listing on the Nasdaq OMX in Helsinki. www.ssab.com

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