Kepler Cheuvreux reiterates its 'hold' rating and lowers its target price for steel company SSAB to SEK 48 from SEK 51 ahead of the release of the Q4 report.

In an analysis, Kepler writes that a weak end to the year is to be expected with delivered volumes at the lower end of the forecast range.

"Our focus is on the guided investment levels for 2025 and the outlook for Q1. We expect SSAB's Q1 outlook to predict some volume improvements, but prices may still be under pressure for another quarter. We reiterate our view that the upcoming large investment cycle is likely to prevent a more significant re-rating of the stock for now," the company writes.

The share rises 1 percent to 42.76 kronor.