Clarification prior to SSAB's interim report for the first quarter of 2008

Clarification prior to SSAB's interim report for the first quarter of 2008

Sale of the tubular business in North America

On March 14, SSAB publically announced the sale of the tubular business of the
IPSCO Division in North America. 

Pending completion of the transaction in the second quarter of 2008, the sold
business will be reported as a discontinued operation in accordance with the
international accounting standards, IFRS.

Accordingly, all revenue and expenses attributable to the tubular business in
North America will be removed from the consolidated income statement and
presented separately on a line as ”Profit after tax for discontinued
operations”. Assets and liabilities attributable to the tubular business will be
reported on separate lines in the balance sheet as holdings for sale. A separate
income statement and balance sheet regarding the tubular business will be
reported in a note. The transaction is assessed as not resulting in any capital
gain/loss. 


SSAB is a global manufacturer of steel in the high strength and quenched steels
niche, and a leader on the market and in productivity. We develop solutions that
increase the competitiveness of our customers. 

For further information, please contact: 
Helena Stålnert, Director of Information 		Tel. +46 8 45 45 734