Company Profile For SSAB AB

SSAB Svenskt Stal AB is a Sweden-based company active within the steel industry. The Company is engaged in the production and sale of high-strength steel sheet and steel plate. The production activities are located in Sweden and in the United States. It is the parent company within the SSAB Group. The Company operates through three divisions and two principal subsidiaries. The SSAB Strip Products division manufactures steel sheet and high-strength steel grades principally through SSAB Tunnplat AB. The SSAB Plate division produces heavy steel plate, as well as quenched and tempered steel, mainly through SSAB Oxelosund AB. The SSAB North America division is primarily engaged in the supplies of steel in North America. Plannja AB is a subsidiary that handles processing and supplies sheet steel building products. The subsidiary Tibnor AB is the trading company of the group. The Company is also operational through foreign sales companies.

BRIEF: For the nine months ended 30 September 2009, SSAB Svenskt Stal AB's net sales decreased 48% to SEK21.55B. Net loss from continuing operations for the period totaled SEK1.23B, vs. a net profit of SEK5.68B. Net sales reflects a weakening demand for the Company's core niche products due to the global financial crisis. Net loss from continuing operations reflects a loss from the share of affiliated companies.

SSAB AB
Klarabergsviadukten 70 D6
World Trade Center
Stockholm     101 21
P: +468.4545700
F: +468.4545725

8835