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 in 2026 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.
