SSAB updates market prospects for the 4th quarter

SSAB updates market prospects for the 4th quarter

Demand for steel has fallen rapidly in November and thus appears to be weaker
than was anticipated in SSAB's report for the third quarter of 2008.

SSAB's deliveries during the fourth quarter of 2008 are expected to decline
compared with the same period of 2007.  For the Strip Products Division, the
downturn is expected to be approximately 20 per cent compared with the same
period last year. Within the Plate Division, the decline is expected to be more
moderate, approximately 10 per cent. Most of the Plate Division's production
consists of niche products within the quenched steel segment. The reduced global
demand for steel is also affecting the North American Division, where deliveries
are expected to be 30 per cent lower than in the fourth quarter of 2007. SSAB
regularly adapts its production and costs in order to minimize inventory
build-up and adapt the operations to prevailing market conditions.

SSAB, a global niche producer of high strength steel with a leading market
position and productivity, develops solutions in order to increase the
competitiveness of its customers. 

For further information, please contact: 
Helena Stålnert, Executive Vice President, Communications 		Phone: +46 8 45 45
734  
Catarina Ihre, Investor relations					Phone: +46 8 45 45 729
This information is such that SSAB must disclose in accordance with the
Securities Markets Act. This information was submitted for publication on
November 19,2008