The Swedish steelmaker SSAB has published its financial and operational results for the first half of 2026. For the period, steel production totalled 4.05 million tonnes (+3.3% year-on-year), rolled steel output rose to 3.75 million tonnes (+2.7% year-on-year), and total shipments increased to 3.5 million tonnes compared with 3.4 million tonnes last year. This is stated in the company’s report.

In the second quarter, steel production rose by 3.3% year-on-year – to 2.04 million tonnes. Rolled steel production increased to 1.88 million tonnes, compared with 1.87 million tonnes a year earlier. Shipments of finished steel products reached 1.76 million tonnes (+3% year-on-year).

Key financial performance indicators (first half-year and second-quarter trends):

The main driver of growth was the SSAB Europe segment, which increased its EBIT almost sixfold to SEK 624 million (compared with SEK 110 million in Q2 2025) due to higher prices and lower raw material costs. The SSAB Special Steels division generated an operating profit of SEK 1,446 million (margin of 19%), whilst SSAB Americas generated SEK 714 million (compared with SEK 807 million last year due to rising scrap costs).

As reported by GMK Center, SSAB’s steel production in January–March 2026 totalled 2.01 million tonnes, up 3.3% compared with the same period last year. At the same time, rolled steel production rose by 5.2% year-on-year – to 1.87 million tonnes. Total steel deliveries reached 1.74 million tonnes, up 3.6% year-on-year.