SSAB extends the summer maintenance outage

Under normal circumstances, SSAB implements maintenance outages at the Swedish plants during the holiday period, when maintenance work and inspection of the plants are carried out. This year, these maintenance outages will be extended from a normal approx. two - four weeks to approx. nine weeks, primary within production of slabs.

The decision to extend the normal maintenance outages this year is based on the assessment SSAB made concerning market development. The guidance as issued in connection with the report for the fourth quarter of 2008 (February 11, 2009) have not changed. Capacity utilization and thereby production remain at very low levels.

Through a total stop in production during a number of summer weeks, the inventory build-up, primarily in slab production, can be diminished and tied-up capital can be reduced. The extended summer maintenance outage will reduce SSAB's costs since a larger scale maintenance work can be carried out during the daytime and the need for summer replacement staff will be significantly reduced this year.

The operations in the United States are continuing to produce at low levels and to regularly adjust production to prevailing market conditions. As announced in the report for the fourth quarter, the steel mill in Mobile implements a maintenance outage from the second week of March to the second week of April.

• Production stoppage in the metallurgy in Oxelösund – weeks 27 - 34
• Production stoppage in the rolling operations in Oxelösund – weeks
30 - 33
• Production stoppage in Luleå – weeks 26 - 33
• Production stoppage in Borlänge – weeks 28 - 31

SSAB is regularly monitoring developments on the market and maintains full flexibility to adjust the rate of production to any change in demand.

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

Subscribe

Documents & Links