SSAB appoints Maria Långberg as President of Merox AB, also assuming responsibility for the Group´s sustainability work

SSAB is creating a new Group-level role with operational responsibility for the
subsidiary Merox AB, and a coordinating role in respect of the Company’s
sustainability work. Maria Långberg will take up the position as President of
Merox AB on November 1 and assumes responsibility for the Group´s Sustainability
work as of September 1, reporting directly to SSAB’s President and CEO, Martin
Lindqvist.
Merox AB is a wholly owned subsidiary of SSAB, tasked with optimizing SSAB’s
management of by-products, scrap and waste, with a focus on sustainability.
Merox covers the entire chain, from R&D and production to marketing and sales.
The operations primarily consist of three parts: recycling of material to the
metallurgy process within SSAB, processing and selling material and products
externally, and dealing with waste which cannot be recycled or processed into
new products. Merox AB´s external sales in 2013 amounted to SEK 217 million.

SSAB's purchase of Rautaruukki was completed on July 29, 2014. One important
task will be to achieve well-functioning integration of Merox with Ruukki’s
operations within the management of by-products, scrap and waste in the new
Group. In 2013, Ruukki recorded external sales of SEK 293 million from this
business.

In addition to operational responsibility for Merox AB, the position also
includes responsibility for coordinating the Group’s sustainability work and
Public Affairs, including:

  · Business ethics issues
  · Environmental and energy issues
  · Sustainability reporting and ethical investments
  · Personnel-related sustainability issues
  · Sustainability strategy
  · Dialogue with politicians and members of society regarding sustainability
issues

“I have chosen to concentrate responsibility for sustainability work within the
new SSAB in a single position in order to further strengthen our focus on these
issues. For me, it's a question of doing what's right for the environment and
our surroundings, and also creating commercial value for SSAB, in which Merox
and the work on managing by-products, scrap and waste play an important part.
I'm convinced that, with her background and expertise, Maria will make a very
positive contribution to SSAB's sustainability work,” says SSAB’s President and
CEO Martin Lindqvist.

“It will be extremely exciting and interesting for me to take up this important
role. Steel production is demanding in terms of both energy and resources, and
we must continuously endeavor to minimize our environmental and social impact,”
says Maria Långberg. “In order to succeed, it's important to integrate the
sustainability dimension as a natural part of our business strategy and
operations.”

Maria Långberg joined SSAB in March 2013, assuming temporary responsibility for
the Company’s external communication and, on October 1, she took over the
position of EVP & Head of Group Communications. Before that, she was a senior
consultant at the communications advisory firm JKL and, before that, served as
Head of communications at the medical-technology company Gambro, where she had
previously held various positions within HR, sales, marketing, strategy and
business development. Maria Långberg holds a bachelor degree in business
administration from Uppsala University and an MBA from the Stockholm School of
Economics.

Hanna Friberg, currently President of Merox AB, will take up the position as
head of business development at Merox on November 1.

Contact

Marie Elfstrand, Director External Communications, +46 8 45 45 734,
marie.elfstrand@ssab.com
SSAB is a Nordic and US-based steel company. SSAB offers value added products
and services developed in close cooperation with its customers to create a
stronger, lighter and more sustainable world. SSAB has employees in over 50
countries. SSAB has production facilities in Sweden, Finland and the US. SSAB is
listed on the NASDAQ OMX Nordic Exchange in Stockholm and has a secondary
listing on the NASDAQ OMX in Helsinki. www.ssab.com.