Axis, Alabama — According to state and local development sources, SSAB plans to invest $74,000,000.00 to build out new space in Axis. The company plans to occupy the new space in Axis, on or about February 1, 2027. According to the company website SSAB is a Nordic and US-based steel company that builds a stronger, lighter and more sustainable world through value added steel products and services. Working with our partners, SSAB has developed SSAB Fossil-free steel and plans to reinvent the value chain from the mine to the end customer, largely eliminating carbon dioxide emissions from our own operations. SSAB Zero, a largely carbon emission-free steel based on recycled steel, further strengthens SSABs leadership position and our comprehensive, sustainable offering independent of the raw material. SSAB has employees in over 50 countries and production facilities in Sweden, Finland and the US. SSAB is listed on Nasdaq Stockholm and has a secondary listing on Nasdaq Helsinki. For community guidelines, please visit ssab.com/socialmedia. For our privacy statement, see ssab.com/privacy-statement.

To learn more about SSAB, visit http://www.ssab.com/

Company Contact:
Johnny Sjostrom, Chief Executive Officer
800-442-7369

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