Tag Archives: SSAB

EcoDataCenter Adopts Recycled Steel Heat Exchangers to Slash Data Center Carbon Emissions

(IN BRIEF) EcoDataCenter, a leading sustainable data center provider, is set to make an industry-first move by deploying Alfa Laval heat exchangers made from recycled steel produced without new CO2 emissions from SSAB. This collaboration marks a significant step towards … Read the full press release

Scania and SSAB Join Forces to Achieve Full Decarbonization of Steel Deliveries for Heavy-Duty Vehicles by 2030

(IN BRIEF) Scania and SSAB, two leading companies in the transportation and steel industries, have signed a letter of intent to eliminate carbon emissions from all steel deliveries from SSAB to Scania’s heavy-duty vehicles by 2030. This ambitious goal includes … Read the full press release

Swedish Collaboration Pioneers Sustainable Construction with Fossil-Free Steel Building

(IN BRIEF) Peab, SSAB, Ruukki Construction, and Wihlborgs have unveiled the world’s first building constructed entirely with fossil-free steel in Lund, Sweden. The industrial facility named “Tomaten 1” represents a significant milestone in reducing the carbon footprint of the construction … Read the full press release

SSAB Launches SEK 2.5 Billion (EUR 212.5 Million) Share Buyback Program to Optimize Capital Structure

(IN BRIEF) The Board of Directors of SSAB AB (publ) has decided to initiate a share buyback program with a maximum amount of SEK 2.5 billion (~EUR 212.5 Million). The program aims to optimize the company’s capital structure to enhance … Read the full press release

Sustainable Steel Revolution: Vattenfall-Backed HYBRIT Delivers Exceptional Hydrogen Storage Solution

(IN BRIEF) HYBRIT, a partnership between SSAB, LKAB, and Vattenfall, has achieved a significant breakthrough in hydrogen storage for use in fossil-free steel production. During commercial testing on the electricity market, their hydrogen storage system demonstrated excellent results, potentially reducing … Read the full press release

SSAB Europe’s Raahe Unit Begins Change Negotiations to Cut Costs Amid Weak Demand

(IN BRIEF) SSAB Europe’s Business Unit Finland is entering into change negotiations in Raahe due to ongoing weak demand. The company aims to structurally reduce fixed costs by at least EUR 10 million annually. These negotiations, involving approximately 2,400 employees, … Read the full press release

Tibnor, Subsidiary of SSAB, Plans Cost-saving Measures Including Staff Reduction to Improve Profitability

(IN BRIEF) Tibnor, a subsidiary of SSAB, has announced plans to adjust its operations in response to lower demand and profitability. The measures, intended to achieve annual cost savings of around SEK 150 million, will encompass all Tibnor business areas … Read the full press release

SSAB and Fortum Collaborate on FEED Study for Fossil-Free Sponge Iron Production in Finland

(IN BRIEF) Steel manufacturer SSAB and energy company Fortum are collaborating on a FEED (Front-End Engineering Design) study to investigate the potential for producing hydrogen-reduced sponge iron on an industrial scale in Raahe, Finland. This initiative is an extension of … Read the full press release

SSAB’s Oxelösund Mill to Lead Fossil-Free Steel Production Following Investment Decision

(IN BRIEF) SSAB, a leading steel producer, has made an investment decision for the green transformation of its Oxelösund mill in Sweden. This decision marks a significant step towards SSAB’s goal of producing steel without carbon emissions. The investment will … Read the full press release

SSAB’s Revolutionary Steel: A Game-Changer for the Industry’s Green Transition

(IN BRIEF) Steel manufacturer SSAB has unveiled SSAB Zero, a fossil carbon emission-free steel that’s made with fossil-free energy and recycled steel. The first commercial steel of its kind, it will be available in Q2 2023. The launch of SSAB … Read the full press release

SSAB und Vestre arbeiten zusammen, um das weltweit erste Möbelstück aus fossilfreiem Stahl zu entwickeln

(IN KÜRZE) SSAB und Vestre sind eine Kooperationsvereinbarung eingegangen, um ein Möbelstück aus fossilfreiem Stahl herzustellen. Vestre strebt den Übergang zu nachhaltigeren Materialien und Produktionsmethoden an, während SSAB sich dafür einsetzt, die globale Stahlindustrie in eine kohlendioxidfreie Zukunft zu führen. … Read the full press release

SSAB and Vestre collaborate to create the world’s first piece of furniture made with fossil-free steel

(IN BRIEF) SSAB and Vestre have entered into a collaboration agreement to produce a piece of furniture using fossil-free steel. Vestre aims to transition to more sustainable materials and production methods, while SSAB is committed to leading the global steel … Read the full press release

Strenx® structural steel from SSAB helps Fassi Gru, a hydraulic cranes maker, reduce weight and lower the deadweight of its new Fassi F 1450 loader crane

(PRESS RELEASE) STOCKHOLM, 21-Oct-2022 — /EuropaWire/ — SSAB (STO: SSAB-A), a Nordic and US-based steel company, has announced that its Strenx® structural steel has been deployed by by Fassi Gru S.p.A., a hydraulic cranes maker, to reduce weight and lower … Read the full press release

L’acciaio strutturale Strenx® di SSAB aiuta Fassi Gru, un produttore di gru idrauliche, a ridurre il peso e la portata lorda della sua nuova gru per autocarro Fassi F 1450

(COMUNICATO STAMPA) STOCKHOLM, 21-Oct-2022 — /EuropaWire/ — SSAB (STO: SSAB-A), un acciaio nordico e con sede negli Stati Uniti azienda, ha annunciato che il suo acciaio strutturale Strenx® è stato utilizzato da Fassi Gru S.p.A., un produttore di gru idrauliche, … Read the full press release

New research demonstrated that direct reduced iron (DRI) with hydrogen creates a product with superior mechanical and aging properties

(PRESS RELEASE) STOCKHOLM, 12-Oct-2022 — /EuropaWire/ — Vattenfall, a Swedish Government-owned multinational power company, has announced that a new research demonstrated that direct reduced iron (DRI) with hydrogen creates a product with superior mechanical and aging properties as compared to … Read the full press release

Neue Forschungsergebnisse haben gezeigt, dass direkt reduziertes Eisen (DRI) mit Wasserstoff ein Produkt mit überlegenen mechanischen Eigenschaften und Alterungseigenschaften erzeugt

(PRESSEMITTEILUNG) STOCKHOLM, 12-Oct-2022 — /EuropaWire/ — Vattenfall, ein multinationales Energieunternehmen im Besitz der schwedischen Regierung, hat bekannt gegeben, dass ein neues Untersuchungen haben gezeigt, dass direkt reduziertes Eisen (DRI) mit Wasserstoff ein Produkt mit überlegenen mechanischen und Alterungseigenschaften im Vergleich … Read the full press release

Alfa Laval to use fossil-free steel from SSAB in the production of its heat exchangers

(PRESS RELEASE) LUND, 31-May-2022 — /EuropaWire/ — Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling, and SSAB (STO: SSAB-A), a Nordic and US-based steel company, have announced a new collaboration for the development and commercialization … Read the full press release

Alfa Laval verwendet für die Produktion seiner Wärmetauscher fossilfreien Stahl von SSAB

(PRESSEMITTEILUNG) LUND, 31-May-2022 — /EuropaWire/ — Alfa Laval, ein weltweit führender Anbieter von Wärmeübertragung, Zentrifugalabscheidung und Flüssigkeitshandhabung, und SSAB (STO: SSAB-A), ein in Skandinavien und den USA ansässiges Stahlunternehmen, haben eine neue Zusammenarbeit für die Entwicklung und Vermarktung des weltweit … Read the full press release

Vattenfall: progreso en la construcción de la instalación única de almacenamiento en caverna de roca para hidrógeno libre de fósiles en Luleå, Suecia

(COMUNICADO DE PRENSA) ESTOCOLMO, 18-Feb-2022 — /EuropaWire/ — Vattenfall, una empresa multinacional de energía propiedad del gobierno sueco, ha anunciado que la mitad de Ya se ha construido la instalación de almacenamiento en caverna de roca para hidrógeno libre de … Read the full press release

Vattenfall: progress in the construction of the unique rock cavern storage facility for fossil-free hydrogen in Luleå, Sweden

(PRESS RELEASE) STOCKHOLM, 18-Feb-2022 — /EuropaWire/ — Vattenfall, a Swedish Government-owned multinational power company, has announced that half of the rock cavern storage facility for fossil-free hydrogen in Luleå, Sweden has already been built. The storage facility, which will be … Read the full press release

Volvo Cars to source steel made from hydrogen-reduced iron from SSAB’s HYBRIT pilot plant in Luleå, Sweden

(PRESS RELEASE) STOCKHOLM, 16-Jun-2021 — /EuropaWire/ — SSAB (STO: SSAB-A), a Nordic and US-based steel company, has announced it is partnering with Volvo Cars, a Swedish luxury automobile brand, to jointly explore the development of fossil-free, high-quality steel for use … Read the full press release

SSAB, LKAB and Vattenfall lead the transformation of iron and steel industry with the establishment of HYBRIT pilot plant for fossil-free sponge iron

(PRESS RELEASE) STOCKHOLM, 24-Mar-2021 — /EuropaWire/ — SSAB, LKAB and Vattenfall announce that they are now advancing on their plan to make fossil-free steel for the global market. The partners establish the world’s first production plant for fossil-free sponge iron … Read the full press release

SSAB appoints Karl-Petter Thorwaldsson as Senior Advisor

(PRESS RELEASE) STOCKHOLM, 25-Feb-2021 — /EuropaWire/ — SSAB announces the appointment of Karl-Petter Thorwaldsson, former president of the Swedish Trade Union Confederation, LO, as Senior Advisor. The appointment will strengthen SSAB’s government relations and public affairs in Sweden and at … Read the full press release

SSAB completes divestment of Ruukki Construction’s business operations in Russia to the Russian company OAO Salavatneftemash

STOCKHOLM, 15-Nov-2018 — /EuropaWire/ — As communicated in July, SSAB has agreed to divest Ruukki Construction’s business operations in Russia (OOO Ruukki Rus) to the Russian company OAO Salavatneftemash. The transaction has received the approval of the Russian competition authorities and … Read the full press release

SSAB participates in a new Swedish corporate initiative on circular material flows

STOCKHOLM, 22-May-2018 — /EuropaWire/ — SSAB is one of the main participants in a new Swedish corporate initiative regarding circular material flows. The initiative, called Circular Sweden, is a forum consisting of several large Swedish companies and organizations such as Axfood, … Read the full press release

University Steel Prize 2018 goes to Sergi Parareda Oriol for his research on the fatigue strength of trimmed edges in high-strength steel

For his innovative research on the fatigue strength of trimmed edges in high-strength steel, Sergi Parareda Oriol, from the Polytechnic University of Catalonia, Spain, has won the University Steel Prize 2018. STOCKHOLM, 22-May-2018 — /EuropaWire/ — “Combining understanding of this complex … Read the full press release

SSAB’s, LKAB’s and Vattenfall’s pilot plant for fossil-free steel project gets support from Swedish Energy Agency

STOCKHOLM, 06-Feb-2018 — /EuropaWire/ — SSAB’s, LKAB’s and Vattenfall’s pre-feasibility study is giving the green light for the fossil-free steel initiative, HYBRIT. For the first time in 1,000 years, there is an opportunity for a technology shift and, as early as … Read the full press release

Niko Korte of SSAB Digital Business Development on the importance of digitalization

Digitalization is a buzzword that is hard to avoid these days. People talk about it as revolutionizing everyday life and business. But what does digitalization mean in practice in the steel industry? STOCKHOLM, 19-Jul-2017 — /EuropaWire/ — Niko Korte, who took … Read the full press release

SSAB joins Women in Tech initiative to increase the number of women in SSAB’s top management

SSAB has joined the Women in Tech network, coordinated by Technology Industries of Finland. STOCKHOLM, 22-Jun-2017 — /EuropaWire/ — “The Women in Tech initiative aims at increasing the number of women in the field of technology. Activities in the organization’s network … Read the full press release

Wabash National of USA one of four finalists for this year’s Steel Prize

Wabash National has been named a finalist for the Swedish Steel Prize 2017 for developing the RIG-16, a lightweight and innovative Rear Underride Guard System for trucks that goes above and beyond highway safety standards.  STOCKHOLM, 05-May-2017 — /EuropaWire/ — The … Read the full press release

Kiruna Wagon named finalist for the Swedish Steel Prize 2017

For developing the Helix Dumper, an innovative wagon solution that is highly durable and far more efficient than other ore wagon offerings, Kiruna Wagon has been named a finalist for the Swedish Steel Prize 2017. STOCKHOLM, 05-May-2017 — /EuropaWire/ — The … Read the full press release

SSAB, LKAB and Vattenfall to host press conference on joint project for future fossil-free Sweden

Media invitation STOCKHOLM, 31-Mar-2016 — /EuropaWire/ — SSAB, LKAB and Vattenfall cordially invite the media to a joint press conference to be held on Monday April 4, 2016 starting at 10am CET to announce a joint project that can play an … Read the full press release

SSAB: Benefits of Docol R-Series Tubing over the competing Chrome Moly 4130 material

Attention to Docol R-Series Tubing is growing annually in the U.S. as race car manufacturers realize its benefits over the competing Chrome Moly 4130 material typically used for chassis and roll cages. STOCKHOLM, 20-Jan-2016 — /EuropaWire/ — As an integrated mill producing … Read the full press release

SSAB announces dates of its financial reports and AGM in 2016

STOCKHOLM, 2-11-2015 — /EuropaWire/ — Dates for SSAB’s financial reports in 2016 and the AGM: February 12    Financial statement release (year-end report) for 2015 April 22           Interim report for January-March 2016 July 22           Interim report for January-June 2016 October 28     Interim report … Read the full press release

SSAB, labor unions conclude negotiations for the production units in Borlänge and Virsbo, Sweden

STOCKHOLM, 15-9-2015 — /EuropaWire/ — SSAB and the labor unions have concluded negotiations regarding the organization at the production units in Borlänge and Virsbo, Sweden. The staffing plans that have now been completed provide for a total of approximately 270 … Read the full press release

SSAB received EC approval to sell 50% of the shares in Norsk Stål AS (Norway) to Leif Hübert AS

STOCKHOLM, 9-2-2015 — /EuropaWire/ —  SSAB has received approval from the European Commission to sell 50% of the shares in Norsk Stål AS (Norway) to Leif Hübert AS. This transaction is part of the divestment remedies that the European Commission … Read the full press release

SSAB to acquire 51% stake in G&G Mining Fabrication Pty Ltd in Perth, Western Australia

STOCKHOLM, 17-6-2014 — /EuropaWire/ — SSAB has signed an agreement to acquire 51% of the shares of G&G Mining Fabrication Pty Ltd in Perth, Western Australia. The company specializes in the refurbishment, manufacture and design of large fabrications for heavy earth moving … Read the full press release

SSAB and Hexicon to develop far off shore platforms for renewable energy

Stockholm, Sweden, 13-5-2014 — /EuropaWire/ — SSAB is entering into an agreement with Hexicon AB to develop far off shore platforms. The combined technology will offer advantages within the market for renewable energy. A first demonstration unit is planned for Swedish waters in 2017. … Read the full press release