Finance
SSAB targets profit growth driven by premium steels, investments through 2030
Published by Global Banking and Finance Review
Posted on November 4, 2025
2 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 4, 2025
2 min readLast updated: January 21, 2026
SSAB aims to enhance earnings by increasing premium steel shipments to 65% by 2030, with strategic investments and a focus on high-strength steels.
(Reuters) -Steelmaker SSAB aims to boost its core earnings growth over the next five years through strategic investments and an increased share of premium steels in its product mix, it said in a statement published ahead of its investor day on Tuesday.
The Swedish group said it expects to lift "over-the-cycle" earnings before interest, taxes, depreciation and amortisation to around 23 billion Swedish crowns ($2.4 billion) after 2030, compared to 14 billion crowns in the previous business cycle. It did not specify what years were covered by the prior period and was not immediately available for clarifying questions.
SSAB, whose specialized high-strength steels are used in cars, construction machinery and agricultural equipment, also said it aimed to accelerate growth of its premium offering so that it would make up 65% of its total shipments by 2030 and 75% by 2035.
Premium products, as opposed to commodity steel, make up 55% of SSAB's shipments today.
($1 = 9.4155 Swedish crowns)
(Reporting by Marta Frąckowiak in Gdańsk; Editing by Milla Nissi-Prussak)
Premium steel refers to high-quality steel products that offer superior strength and durability, often used in specialized applications such as automotive and construction.
Financial projections are estimates of future financial outcomes for a business, including revenue, expenses, and profitability, based on historical data and market analysis.
SSAB is a Swedish steel company known for producing high-strength steel products used in various industries, including automotive and construction.
Market applications refer to the specific uses of a product in various industries, highlighting its relevance and potential for growth in those sectors.
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