Second quarter 1999

Half Year Report 1999

Prices stabilised during the second quarter.
Sharp drop in prices towards the end of last year and at the beginning of this year resulted, however, in profit after financial items during the first half of the year declining by SEK 919 million to SEK 347 (1,266) million.
Operating profit during the second quarter improved by SEK 140 million compared with the first quarter as a result of improved margins and higher volumes.
Cash flow improved to SEK 454 (206) 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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