SSAB AB resumes construction of new steelworks in Luleå

SSAB AB has commenced a controlled restart of the construction site for its new steelworks in Luleå, Sweden. The decision follows a comprehensive analysis of the disease symptoms that were reported at the site earlier in the month.

Background of the interruption

In early May, several workers at the Luleå site experienced illness that was attributed to exposure to fine dust generated by construction activities. SSAB suspended work pending investigation.

Findings of the investigation

  • Extensive measurements were conducted across the site.
  • No measurement results exceeded the applicable Swedish safety thresholds for airborne dust, gases or other contaminants.
  • The analysis identified exposure to fine dust particles as the primary factor linked to the reported symptoms, but the levels were within permissible limits.

Current status

  • SSAB is re‑opening the construction site under a “kontrollerad återstart” (controlled restart) protocol.
  • The company will continue monitoring air quality and worker health.
  • Work is scheduled to proceed according to the original timeline for the steelworks, which is expected to become operational in the coming years.

Implications for SSAB’s operations

SSAB AB, a leading Swedish steel producer, operates through five segments, including SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The new Luleå plant will expand the company’s capacity for high‑strength steels and advanced metal products.

Market context

  • SSAB’s market capitalization stands at approximately 92.1 billion SEK.
  • The company’s price‑to‑earnings ratio is 17.16, and the closing share price on 9 October 2025 was 62.38 SEK.
  • The 52‑week high for SSAB’s shares was 67.52 SEK on 8 October 2025, while the 52‑week low was 52.84 SEK on 3 September 2025.

The controlled restart is a key milestone for SSAB as it moves forward with its strategy to increase production capacity and deliver a broader range of steel products under brands such as Strenx, Hardox, Docol, and others.