SSAB AB stock (SE0000108656): Oxelösund power line project resumes with 2027 target

SSAB AB shares in Sweden traded slightly lower on Tuesday after the company confirmed that construction of the key power line to its Oxelösund steel plant will restart, supporting a 2027 production target for its new electric arc furnace and decarbonization plans.

SSAB AB shares on Nasdaq Stockholm were modestly weaker on Tuesday after the Swedish steelmaker said that construction of the high-voltage power line to its Oxelösund site will resume, clearing a key hurdle for its transition to fossil-free steel production at the plant.

The company announced that the power line project, which had been paused in April 2026 due to appeals in the permitting process, is now moving forward again following a decision that allows the work to restart, according to a statement reported via MarketScreener as of 06/02/2026.

The construction of this line is critical for supplying enough electricity to the new electric arc furnace (EAF) that SSAB plans to install at Oxelösund as part of its strategic shift away from blast furnace technology toward lower-emission steelmaking, the company previously indicated in its Oxelösund transformation updates.

The power line delay had also pushed back the commissioning timetable for the EAF, with SSAB having earlier stated that the start-up would be moved due to the permitting appeals process.

With construction resuming, SSAB is again targeting 2027 as the start of production at the new Oxelösund EAF, a timeline referenced in a project summary highlighting that the power line project resumption supports a production start in that year.

The stock traded around SEK levels typical for recent sessions on Nasdaq Stockholm on Tuesday, with intraday moves described as moderate by Swedish market coverage, although precise real-time pricing figures were not disclosed in the available sources.

The Oxelösund initiative is one of SSAB's flagship investments in Sweden, and the resumption of the power line project is likely to be closely watched by domestic investors following the company on Nasdaq Stockholm, where SSAB AB shares trade under the ticker SSAB A and SSAB B.

As of: 06/02/2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: SSAB
• Sector/industry: Steel and specialty steel production
• Headquarters/country: Stockholm, Sweden
• Core markets: Nordic region, broader Europe, and North America
• Key revenue drivers: High-strength steels, strip and plate products, and regional divisions including Nordic and US operations
• Home exchange/listing venue: Nasdaq Stockholm (SSAB A, SSAB B)
• Trading currency: SEK

SSAB AB: core business model

SSAB AB focuses on producing high-strength and specialized steel products while increasingly retooling its Nordic mills toward low-carbon technologies, with volumes and pricing in automotive, construction, engineering, and energy end markets driving the bulk of its revenue.

Latest quarterly results for SSAB AB at a glance

In its most recent published quarterly report, SSAB highlighted the impact of market conditions on shipments and prices across its divisions, although detailed figures and the exact reporting date were not included in the sources reviewed for this article.

The strategic transition projects in Sweden, including the Oxelösund and other HYBRIT-related initiatives, were previously flagged by the company as key capital expenditure items that will shape medium-term profitability and cash flow once the new EAF capacity comes online.

Conclusion

The decision to resume power line construction to SSAB AB's Oxelösund site removes a significant bottleneck for the company's shift to electric arc furnace-based production in Sweden and supports the stated goal of starting operations there in 2027.

Against this backdrop, investors are likely to focus on how the Oxelösund project and other decarbonization investments shape SSAB AB's future earnings profile, capital spending, and competitive position in high-strength and low-carbon steel over the coming years.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.