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SSAB wins on the stock exchange despite threats of steel tariffs
The Stockholm Stock Exchange rose broadly on the first day of the trading week. The OMXS index increased by 0.
SSAB: Weak Earnings and Reduced Dividend
The steel concern SSAB made an operating profit of 487 million kronor for the fourth quarter, a significant decrease compared to the profit of 2,400 million kronor for the same period in 2023. Revenues fell to 23.
SSAB sells operations
The listed steel company SSAB, which the Swedish state owns 16 percent of through LKAB, is planning to sell its operations in Virsbo in Surahammar municipality. The buyer is the US-based company Jennmar, according to a press release.
Cryptocurrencies, Cocoa, and Gold – Here Are the Best Buys of the Year
Have you invested in the stock market during 2024? Then you're probably quite pleased, but there are assets that have performed even better. Here are the investments that are the year's winners – but also some significant losers.
SSAB gets green light for billion-kronor investment
The Land and Environmental Court in Umeå has given the green light for steel manufacturer SSAB's construction of an electric steel plant, the company announces. The plan is to phase out the blast furnace-based production system in Luleå.
Billion Support for SSAB's Transformation
The steel manufacturer SSAB has been awarded support of SEK 1. 45 billion to finance the steel industry's transformation in Norrbotten, writes SSAB in a press release.
Stock Market Up for Seventh Consecutive Day
The Stockholm Stock Exchange turns upwards on a weak plus after a hesitant start. It became the seventh trading day in a row on plus.
Major Banks Soar on the Stock Exchange
It was a course rally in the major banks on Wednesday after strong quarterly reports, but the Stockholm Stock Exchange as a whole rose very moderately. The broad OMXS closed at plus 0.
Billion-dollar support to SSAB for green steel
The EU Commission has given the green light for Swedish state aid to the steel company SSAB. The aid is around 1.
These are the risks on the stock market right now
It looks shaky ahead of the reporting season, which kicks off this week. The German automotive industry has set the tone with a series of profit warnings.
Clear surge on the Stockholm Stock Exchange
The Stockholm Stock Exchange index rose by 0. 7 percent on Friday.
Savers followed Warren Buffett's lead in the stock market crash
Small savers were clearly more active than usual on Black Monday on the stock exchange. In the turmoil, Swedish savers chose to back the financial icon Warren Buffett.
Gloomy on the Stockholm Stock Exchange
The Stockholm stock exchange fell in line with the development around Europe. The OMXS index fell by 0.
Profit slump for SSAB – weak autumn ahead
Steel manufacturer SSAB's profit decreases sharply. The company is also flagging a tough finish to 2024.
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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