[SSAB Reports Higher Q2 Profit on Stronger Pricing and Shipments]

Published: Aug 10, 2026 10:44

Save

Swedish steelmaker SSAB presented second-quarter 2026 results on July 22, reporting operating profit of 2,695 million Swedish kronor, up from 2,140 million kronor a year earlier. Sales rose to 27,489 million kronor from 25,631 million kronor, with net income of 2,081 million kronor compared with 1,854 million kronor in the prior-year period. The company attributed the improvement mainly to higher prices and higher shipment volumes, which were partly offset by higher logistics and energy costs. The results were presented via a webcast briefing to investors and analysts. No structural or capacity changes were announced alongside the earnings release.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[ JFE Steel Produces One-Ton Prototype of Green Hydrogen Reduced Iron ]

JFE Steel successfully produced approximately one metric ton of reduced iron using 100% green hydrogen at a 15 kg/hour pilot plant in its East Japan Works. The trial, backed by Japan's NEDO Green Innovation Fund, marks a critical technical milestone for the country's decarbonization efforts by proving that iron ore can be stably reduced without fossil fuels in preparation for commercial direct hydrogen reduction implementation.

1 hour ago

[NMDC Cuts Iron Ore Prices Following 31% Production Surge in July]

Indian state-owned miner NMDC Limited reduced its iron ore prices by ₹200 per ton effective August 8, bringing the base price of high-grade lump ore to ₹5,250 per ton and fines to ₹4,500 per ton. This price correction came despite a 31% year-on-year surge in July iron ore production, which reached 4.06 million metric tons as domestic operations scale up to meet regional steelmaking demand.

1 hour ago

[ Italy Prepares September Tender for Acciaierie d'Italia Steelworks ]

The Italian government is preparing to launch a new tender in early September for the sale of the Acciaierie d'Italia steelworks (formerly Ilva) in Taranto, following evaluations of ongoing bids from potential investors. Industrial groups, including India's Jindal Steel, have submitted proposals targeting the complete acquisition of the complex's hot and cold production assets. The upcoming government summit at the Palazzo Chigi will decide the facility's future, weighing trade union demands against the necessary capital required to fully decarbonize and restart the idled blast furnaces.

1 hour ago