Interim report Q1 2024: High-strength steels resilient in a weak market
The first quarter · Revenue was SEK 27,148 (31,904) million · Operating result was SEK 3,157 (4,733) million · Earnings per share were SEK 2.57 (3.59) · Net cash was SEK 18.2 (15.6) billion · Investment decision of EUR 4.5 billion for fossil-free steel mill in LuleåComments by the CEO SSAB’s operating result for the first quarter of 2024 amounted to SEK 3,157 (4,733) million. The decrease compared to a year earlier was primarily due to US plate prices that reversed from a high level. The market in Europe continued to be relatively weak, whereas the market for high-