SSAB concludes negotiations to reduce workforce in its Nordic operations

In February, SSAB announced that it had initiated negotiations in order to
reduce the workforce in its Nordic operations by a maximum of 465 employees. All
negotiations in this respect have now been concluded.
The negotiations that SSAB initiated to reduce the number of front-line workers
in Oxelösund applied to a maximum of 150 front-line employees. This is the last
of the series of negotiations initiated in February this year.

The negotiations just concluded will result in the loss of 98 permanent front
-line jobs in Oxelösund. The reductions will be carried out through
redundancies, retirement and natural attrition. In addition to this, the number
of temporary employees will be reduced by 85 persons.

As communicated earlier, the workforce will also be reduced by a total of around
50 office jobs in Finland and around 260 in Sweden.

These reductions are part of the cost savings program communicated earlier as
result of the combination with Rautaruukki in July 2014, but also include
further efficiency measures. Since the combination, the main focus has been on
improving organizational efficiency and ways of working, and on capturing the
synergies identified between the two companies.

For more information, please contact:
Viktoria Karsberg, Head of Corporate Communication
viktoria.karsberg@ssab.com, +46 8 454 57 34

Andreas Koch, Head of Investor Relations
andreas.koch@ssab.com, +46 8 454 57 29

Sari Heikkinen, Communication Manager, Oxelösund
sari.heikkinen@ssab.com +46 15 525 4410
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.