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Swedish steelmaker SSAB on Tuesday outlined a strategy to accelerate growth in its premium and decarbonized steel offerings, aiming to boost profitability amid recent operational and regulatory challenges.

Swedish steelmaker SSAB's European division swung to an operating loss in the third quarter, hit by lower prices, as the European Commission proposed new measures to protect the region's steel industry.

Swedish steelmaker SSAB said Tuesday it is facing potential sanctions from the country's financial regulator over a large 2022 asset writedown.

Swedish steelmaker SSAB said Monday it has secured an additional 430 million euros in green financing, completing the funding package for its planned fossil-free steel mill in Luleå, Sweden.

Swedish steelmaker SSAB is postponing the start of its new fossil-free steel mill in Luleå by one year, citing delays in reinforcing the local power grid.