Unplanned production outage in Raahe, affects first quarter results

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One of SSAB’s blast furnaces in Raahe, Finland has been affected by an unplanned outage. Repair work is expected to last throughout February and SSAB Europe’s first quarter 2022 earnings are expected to take a SEK 600 million hit.

One of the blast furnaces at SSAB’s steel mill in Raahe, Finland has been shut down for repairs. Repair work is expected to last throughout February after which it is expected the blast furnace can be restarted. The outage will result in lost production and shipments, as well as repair costs. The earnings of SSAB Europe are expected to be impacted negatively by around SEK 600 million in the first quarter of 2022. SSAB will make every effort to minimize the negative implications for customers.

Contact persons:
Mia Widell, Head of Corporate Communications, mia.widell@ssab.com, tel. + 46 76 527 2501
Per Hillström, Head of Investor Relations, per.hillstrom@ssab.com, tel. + 46 70 295 2912

This information is inside information that SSAB AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 12.45pm CET on February 2, 2022.

SSAB is a Nordic and US-based steel company. SSAB offers value added products and services developed in close cooperation with its customers to create a stronger, lighter and more sustainable world. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finland and the US. SSAB is listed on Nasdaq Stockholm and has a secondary listing on Nasdaq Helsinki. www.ssab.com.
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