SSAB completes transaction of IPSCO Tubulars

SSAB completes transaction of IPSCO Tubulars

All closing conditions with respect to SSAB's sale of Division IPSCO's tubular
operations have been fulfilled. The closing of the tubular operations sale has
thereby occurred, effective upon June 13, 2008. 

In connection therewith, David Britten will take over as head of the North
America Division, while John Tulloch leaves the company upon retirement.


SSAB, a global niche producer of high strength steel with a leading market
position and productivity, develops solutions in order to increase the
competitiveness of its customers. 

For further information, please contact: 
Helena Stålnert, Executive Vice President, Communications 		Phone: +46 8 45 45
734