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SSAB Corporation ( ($SE:SSAB.A) ) has issued an update.
SSAB announced its strategic plan to accelerate the growth of its premium steel offerings, aiming for these to constitute 65% of total shipments by 2030 and 75% by 2035, up from 55% today. This strategy is expected to enhance profitability through advanced steel grades, value-add services, and decarbonized steel, supported by significant investments such as the EUR 4.5 billion Luleå mini-mill. The company aims to improve its EBITDA and maintain industry-leading profitability, while also focusing on sustainability and shareholder returns.
The most recent analyst rating on ($SE:SSAB.A) stock is a Buy with a SEK70.00 price target. To see the full list of analyst forecasts on SSAB Corporation stock, see the SE:SSAB.A Stock Forecast page.
More about SSAB Corporation
SSAB is a Nordic and US-based steel company that focuses on producing value-added steel products and services to build a stronger, lighter, and more sustainable world. The company has developed SSAB Fossil-free™ steel and SSAB Zero™, aiming to largely eliminate carbon dioxide emissions from its operations. SSAB operates in over 50 countries with production facilities in Sweden, Finland, and the US, and is listed on Nasdaq Stockholm and Nasdaq Helsinki.
Average Trading Volume: 1,045,335
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK59.27B
For a thorough assessment of SSAB.A stock, go to TipRanks’ Stock Analysis page.