SSAB SSAB A
This picture changes. Follow SSAB free — email when the signal or risk changes + a Sunday weekly brief.
Follow SSAB freeEmail when the signal or risk changes · Sunday weekly brief
No card · No time limit on free tier · Upgrade when you need more
Full analysis: 6 Apr 2026
Latest news check: 23 Jul 2026
General analysis — not personal advice.
HOLD
7/10
Confidence
Hold. Consider adding on a larger dip (~15–20%) or after strong Q1 guidance.
Strong balance sheet and investment-grade rating provide support, yet soft Q3 guidance and elevated capex limit risk-adjusted upside.
Market sentiment
7/10
→
Trend: Stable
Sentiment remains stable but tempered by the weak Q3 guidance despite the positive credit rating.
Price context
The share trades near its 52-week high after a 64 % twelve-month rise. Much of the margin recovery and transition plans are already priced in.
Risk assessment
7/10
Dilution:
Low
Net cash and positive operating cash flow.
Jurisdiction:
Low
Sweden/Finland/US are stable jurisdictions.
Execution:
High
Mega-project complexity and schedule slippage risk.
Cash flow:
24 mo
Recent changes
- The report showed revenue of SEK 27.5B and operating profit of SEK 2.7B, driven by premium mix but with weaker Q3 guidance.
The full analysis is open. Follow the company free for the full change history — and email next time the picture changes.
Show all changes (3) — follow the company freeAbout the company
SSAB is a global steel group focused on advanced high-strength steels and heavy plate, with production in Sweden, Finland, and the US. The company is profitable with a net cash balance sheet, but is in a highly capital-intensive transition toward fossil-free steel using EAF and HYBRIT.
Sector:
Steel and specialty steel
Type:
Industrial
Next report
28 Oct 2026
Q3
Catalysts
Q1 2027
Oxelösund EAF commissioning
High
2029
Luleå mini-mill start-up
High
2030
New Q&T line in Oxelösund
Medium
Horizon:
Bull case
Moody’s rating and sustained premium mix enhance long-term credibility and financing flexibility.
Bear case
Lower volumes and high maintenance costs in Q3 may pressure earnings and cash flow.
Signal rationale (informational)
Strong balance sheet and investment-grade rating provide support, yet soft Q3 guidance and elevated capex limit risk-adjusted upside.
Recent news
- SSAB received Moody’s first credit rating of Baa2 with stable outlook. The Q2 report showed revenue of SEK 27.5 bn and operating profit of SEK 2.7 bn, yet delivered soft Q3 guidance with lower volumes and maintenance costs of approximately SEK 800 m.
Key figures
Revenue
Q2 2026
SEK 27.5B
EBITDA
Q2 2026
SEK 3.8B
Cash
Q2 2026
SEK 8.6B
Price & valuation
Last close
SEK 103
1 week
-1.5 %
3 months
+21.5 %
12 months
+78.7 %
From 52w high
-2.0 %
From 52w low
+93.6 %
Exchange
Stockholm
Type
Industrials
Sector
Steel and specialty steel
This picture changes. Follow SSAB free — email when the signal or risk changes + a Sunday weekly brief.
Follow 3 companies freeEmail when the signal or risk changes · Sunday weekly brief
No card · No time limit on free tier · Upgrade when you need more
Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.