SSAB A

SE0000171100

Iron & Steel

Market Closed - Nasdaq Stockholm Other stock markets 11:29:35 2024-04-29 am EDT			5-day change	1st Jan Change
63.78 ^SEK	+2.64%		+0.31%	-16.82%

12:40pm	PetroChina's First-Quarter Net Profit Rose on Higher Sales -- Commodities Roundup	DJ
11:13am	SSAB Agrees Fossil-free Steel Supply with Nordec	MT

SSAB to Supply John Deere Forestry With Fossil-Free Steel

April 10, 2024 at 04:02 am EDT

By Dominic Chopping

STOCKHOLM--Swedish steelmaker SSAB has signed a letter of intent with John Deere Forestry to supply fossil-free steel for use in the production of forest machinery.

SSAB's fossil-free steel replaces the coking coal traditionally used for iron ore-based steelmaking with fossil-free electricity and hydrogen. It aims to deliver fossil-free steel to the market at commercial scale during 2026.

John Deere Forestry will replace some of the steel used in the manufacture of forest machinery with sustainably made steel from 2026 onward.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

04-10-24 0401ET

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	DEERE & COMPANY	400.5 USD	+1.82%	+0.31%	109B
	SSAB AB	63.78 SEK	+2.64%	+0.31%	5.62B

Latest news about SSAB AB

PetroChina's First-Quarter Net Profit Rose on Higher Sales -- Commodities Roundup	06:40am	DJ
SSAB Agrees Fossil-free Steel Supply with Nordec	05:13am	MT
The BHP-Anglo takeover saga takes an interesting turn	Apr. 26
BHP is pursuing a slice and dice strategy for Anglo American	Apr. 25
BHP eyeing a takeover of ailing Anglo American	Apr. 25
SSAB : Q124: the group’s markets are stabilizing	Apr. 24
SSAB AB Approves Dividend, Payable on May 2, 2024	Apr. 24	CI
SSAB AB Approves Election of Kerstin Enochsson and Pierre Heeroma as Directors	Apr. 24	CI
Transcript : SSAB AB, Q1 2024 Earnings Call, Apr 24, 2024	Apr. 24
SSAB AB Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 24	CI
EMEA Morning Briefing: Shares May Rise as Investors Brace for Earnings	Apr. 24	DJ
SSAB to Supply John Deere Forestry With Fossil-Free Steel	Apr. 10	DJ
SSAB to Deliver Fossil-free Steel to John Deere Forestry	Apr. 10	MT
Global markets live: Boeing, Shell, AstraZeneca, Tesla, Meta...	Apr. 08
SSAB President/CEO to Resign	Apr. 08	MT
NCC Secures SEK200 Million Construction Contract from SSAB	Apr. 08	MT
Steelmaker SSAB's CEO steps down	Apr. 08	RE
SSAB AB Announces CEO Martin Lindqvist Is Leaving the Company	Apr. 08	CI
SSAB AB Announces President Martin Lindqvist Is Leaving the Company	Apr. 08	CI
Finnish unions to suspend strike, ask government to act	Apr. 04	RE
Nordic Shares Decreased Tuesday; Sinch Took Biggest Hit	Apr. 02	DJ
Transcript : SSAB AB - Special Call	Apr. 02
U.S. Futures Slip, European Stocks Climb	Apr. 02	DJ
SSAB to Build Fossil-free Mini Mill in Sweden	Apr. 02	MT
Sweden's SSAB to invest $4.8 bln mln in fossil-free steel mill	Apr. 02	RE

Chart SSAB AB

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Company Profile

SSAB AB specializes in manufacturing and distribution of specialty steel. Net sales break down by activity as follows: - steel processing (78.6%): processing of steel and aluminum sheets for industry or construction (the group is the leading manufacturer of steel sheets in Scandinavia), production of laminated steel, metal plate and hardened steel used mainly in equipment for the construction and mining industries (world's leading manufacturer) and manufacture of safety components for the automotive industry; - trading of steel products (12.8%): metals, building products, tools, machinery, etc. Tibnor is Sweden's leading steel trading company; - sale of construction materials (5.3%; Ruukki Construction); - other (3.3%). Net sales are distributed geographically as follows: Sweden (13.9%), Finland (9.5%), Europe (34.6%), the United States (29.8%) and other (12.2%).

Sector

Iron & Steel

Calendar

2024-07-24 - Q2 2024 Earnings Release

More about the company

Income Statement Evolution

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Analysis / Opinion

SSAB : Q124: the group’s markets are stabilizing

April 24, 2024 at 03:52 pm EDT

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Ratings for SSAB AB

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

62.14 SEK

Average target price

81.36 SEK

Spread / Average Target

+30.93%

Consensus

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Quarterly earnings - Rate of surprise

Company calendar

Sector Other Steel

	1st Jan change	Capi.
SSAB AB	-16.82%	5.62B
NUCOR CORPORATION	+0.71%	42.1B
TATA STEEL LIMITED	+20.00%	24.83B
POSCO HOLDINGS INC.	-18.52%	21.75B
STEEL DYNAMICS, INC.	+14.17%	21.17B
ARCELORMITTAL	-6.33%	20.77B
NIPPON STEEL CORPORATION	+6.63%	20.15B
JFE HOLDINGS, INC.	+6.81%	9.44B
CLEVELAND-CLIFFS INC.	-11.88%	8.5B
UNITED STATES STEEL CORPORATION	-24.52%	8.41B

Other Steel

SSAB AB

Equities

SSAB A

SE0000171100

Iron & Steel

SSAB to Supply John Deere Forestry With Fossil-Free Steel

Stocks mentioned in the article

EPS Revisions