# SSAB Reports Higher Quarterly Profit and Steel Shipments

Revenue rose to 25.6 billion Swedish kronor, while higher planned maintenance costs partly offset the gains.

By Will Langan | 24X7 News
Published: 2026-10-28T08:02:18.623Z
Updated: 2026-10-28T08:02:18.623Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/ssab-third-quarter-results-october-28-2026

SSAB reported October 28 that third-quarter operating profit increased to 2.157 billion Swedish kronor from 1.869 billion a year earlier, supported by higher steel prices and shipments.

Revenue rose to 25.632 billion kronor from 22.960 billion. Earnings per share increased to 1.56 kronor from 1.49, according to the steelmaker’s results announcement.

The improvement came despite higher planned maintenance costs, which reached 810 million kronor compared with 390 million in the same quarter of 2025.

SSAB said its European business increased shipments across most premium segments, including advanced high-strength steel for vehicles. Shipments also rose in Special Steels, while the company attributed benefits in its Americas business to the U.S. steel-plate market.

Net cash declined to 8.4 billion kronor from 10.8 billion a year earlier.

The company said installation of the new electric-arc furnace in Oxelösund remains underway, with production planned for the second quarter of 2027. Its Luleå mini-mill project remains scheduled for production in late 2029. Both dates describe plans, rather than operating facilities.

Sources
SSAB third-quarter results, October 28, 2026: https://news.cision.com/ssab/r/report-for-q3-2026,c4416335

## Sources
- SSAB — official third-quarter results, Cision: https://news.cision.com/ssab/r/report-for-q3-2026,c4416335