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SSAB confirms that it is in discussions with Tata Steel Group concerning a potential acquisition of Tata Steel Europe's IJmuiden steel mill and related downstream assets.

SSAB has participated in several different discussions concerning consolidations in the European steel industry. The discussions with Tata are on-going but no decisions have been made. There can be no certainty that any transaction will materialize, nor as to the terms of any such potential transaction. Further announcement will be made in due course.

For further information, please contact:
Investor Relations: Per Hillström, Head of IR, [email protected],+46 70 2952 912
Media: Mia Widell, Press Relations Manager, [email protected],+46 76 527 25 01

This is information that SSAB AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 2.30pm CET on November 13, 2020.

SSAB on pitkälle erikoistunut, maailmanlaajuisesti toimiva teräsyhtiö, jonka toimintaa ohjaavat läheiset suhteet asiakkaisiin. SSAB kehittää erikoislujia teräksiä ja tarjoaa palveluja, joilla saadaan aikaan suorituskykyisempiä ja kestävämpiä tuotteita.