Comments by the CEO

SSAB's operating result for the first quarter of 2026 amounted to SEK 2,201 (1,351) million. The improvement was mainly related to higher result in SSAB Europe and SSAB Americas. The shipments of advanced steels was at a good level in the first quarter and growth in these steels is a key in SSAB's strategy to accelerate premium leadership.

In 2025, the European Commission proposed new trade measures to protect the EU steelmaking sector against global overcapacity. In April, a political agreement was reached between the European Parliament and Council. In the next step, the proposal is examined and approved in parallel by the Parliament and the Council with the aim to ensure its entry into force on July 1, 2026. SSAB expects this to improve the supply-demand balance in the European market.

SSAB continues to transform to a modern and fossil-free operation. The conversion of Oxelösund is progressing with the construction of the new electric arc furnace. The construction of the new and highly-efficient mini-mill in Luleå was paused at the beginning of the second quarter after contractors have reported symptoms and illness. SSAB is continuing sampling and testing in order to confirm or rule out possible causes, so that the site can be reopened safely. The regular steel production in Luleå is proceeding as normal.

The direct effects on SSAB from the war in the Persian Gulf have been limited, but customers are becoming more cautious across several markets, and there is a risk that a prolonged conflict could negatively affect economic activity.

SSAB invites you to a presentation of the Q1 2026 report at 10.00am CEST on Tuesday, April 28, 2026.

The report will be presented by SSAB's President and CEO Johnny Sjöström, and CFO Leena Craelius.

The press conference will be held in English and live webcast on SSAB's website www.ssab.com.

Link to webcast: https://edge.media-server.com/mmc/p/kqazmr4v

You can also participate in the briefing by telephone. Click on the link below and complete the online registration form. You can choose if you want to dial in or click "Call Me" for a call-back.

Link to teleconference: https://register-conf.media-server.com/register/BI473daa5d73be4316a48701b34e61b0b1

For further information, please contact:
Helena Norrman, EVP & Head of Group Communications, helena.norrman @ ssab.com, phone: +46 730 66 53 46
Per Hillström, Head of Investor Relations, per.hillstrom @ ssab.com, phone: +46 702 95 29 12

This information is inside information that SSAB AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and information that SSAB AB (publ) is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 7.30am CET on April 28, 2026.