(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
Posted in Business, Financial, Industrial, Investment, Management, Metals and Minerals, News, Sweden
Tagged acquisitions, Financial, investment, Martin Lindqvist, Share Buyback Program, SSAB
(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
(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
Posted in Business, Economy, Financial, Finland, Industrial, Management, Metals and Minerals, News, Sweden
Tagged acquisition, Costs cutting, Jarkko Matkala, negotiations, partnership, Raahe, SSAB
(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
Posted in Business, Financial, Industrial, Management, Metals and Minerals, News, Sweden
Tagged Cost-saving Measures, Financial, Fredrik Haglund, profitability, SSAB, Staff Reduction, Tibnor
(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
(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
(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
(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
(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
(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
Posted in Business, Construction, Germany, Industrial, Metals and Minerals, Sweden, Technology
Tagged Bauma Munich 2022, crane construction, Fassi F 1450, Fassi F 1450 HXP Techno, ISM Industrie Service Müller, loader crane, loading crane, Sascha Lindner, SSAB, Strenx®, structural steel, structural steelwork, Zimmerei Lindner and Meyer
(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
Posted in Business, Construction, Germany, Industrial, Metals and Minerals, Sweden, Technology
Tagged acciaio strutturale, Bauma Monaco di Baviera 2022, carpenteria metallica, costruzione di gru, Fassi F 1450, Fassi F 1450 HXP Techno, gru di carico, ISM Industrie Service Müller, Sascha Lindner, SSAB, Strenx®, Zimmeri Lindner e Meyer
(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
Posted in Energy, Gas & Oil, Environment, Industrial, Investment, Metals and Minerals, Sweden, Technology
Tagged Andreas Regnell, Direct Reduced Iron, DRI, fossil-free value chain, HYBRIT, Hybrit Development AB, hydrogen based iron, hydrogen direct reduced, hydrogen direct reduced sponge iron, iron ore, Lars Ydreskog, LKAB, Martin Pei, mine, sponge iron, SSAB, STEEL, steelmaking, Swedish Energy Agency, Vattenfall
(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
Posted in Energy, Gas & Oil, Environment, Industrial, Investment, Metals and Minerals, Sweden, Technology
Tagged Andreas Regnell, Bergwerk, direktreduziertes Eisen, DRI, Eisenerz, Eisenschwamm, fossilfreie Wertschöpfungskette, HYBRIT, Hybrit Development AB, Lars Ydreskog, LKAB, Martin Pei, schwedische Energieagentur, SSAB, Stahl, Stahlerzeugung, Vattenfall, wasserstoffbasiertes Eisen, wasserstoffdirektreduziert, wasserstoffdirektreduzierter Eisenschwamm
(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
Posted in Business, Environment, Industrial, Metals and Minerals, News, Sweden, Technology
Tagged Alfa Laval, carbon neutrality, centrifugal separation, fluid handling, fossil-free steel, heat exchanger, heat transfer, HYBRIT, hydrogen-reduced steel, International Energy Agency, Martin Lindqvist, SSAB, STEEL, Tom Erixon
(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
Posted in Business, Environment, Industrial, Metals and Minerals, News, Sweden, Technology
Tagged Alfa Laval, carbon neutrality, centrifugal separation, fluid handling, Fluidhandling, fossil-free steel, fossilfreier Stahl, heat exchanger, heat transfer, HYBRIT, hydrogen-reduced steel, International Energy Agency, Internationale Energieagentur, Kohlenstoffneutralität, Martin Lindqvist, SSAB, Stahl, STEEL, Tom Erixon, Wärmetauscher, Wärmeübertragung, wasserstoffreduzierter Stahl, Zentrifugalabscheidung
(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
Posted in Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Metals and Minerals, Sweden, Technology
Tagged acero libre de fósiles, Agencia Sueca de Energía, almacenamiento de hidrógeno, Construcción, hidrógeno, hidrógeno libre de fósiles, hierro libre de fósiles, instalación de almacenamiento, instalación de almacenamiento en cavernas rocosas, La iniciativa HYBRIT, LKAB, Luleå, Martin Pei, Mikael Nordlander, SSAB, Susanne Rostmark, Svartöberget, Vattenfall
(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
Posted in Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Metals and Minerals, News, Sweden, Technology
Tagged construction, fossil free hydrogen, fossil-free iron, fossil-free steel, hydrogen, Hydrogen Storage, LKAB, Luleå, Martin Pei, Mikael Nordlander, rock cavern storage facility, SSAB, storage facility, Susanne Rostmark, Svartöberget, Swedish Energy Agency, The HYBRIT initiative, Vattenfall
(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
Posted in Automotive, Environment, Industrial, Metals and Minerals, News, Sweden, Technology
Tagged automotive industry, Car manufacturing, car production, carmaker, CHINA, Electric car, fossil-free, fossil-free steel, Håkan Samuelsson, HYBRIT, HYBRIT initiative, hydrogen-reduced iron, LKAB, Luleå, Luqiao, Maria Dagman, Martin Lindqvist, Mia Widell, SSAB, STEEL, Steel Industry, steelmaking, Sweden, Vattenfall, Volvo cars
(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
Posted in Energy, Gas & Oil, Environment, Industrial, Investment, Metals and Minerals, News, Sweden, Technology
Tagged Anna Borg, fossil free electricity, fossil-free pellet plant, fossil-free sponge iron, fossil-free steel, fossil-free steel production, fossil-free value chain, Gällivare, HYBRIT, hydrogen gas, industrialization, iron ore, Jan Moström, LKAB, Luleå, Martin Lindqvist, mining, Net zero emissions, Oxelösund, reduce carbon dioxide emissions, sponge iron, sponge iron plant, SSAB, Steel Industry, steelmaking, Vattenfall
(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
Posted in Environment, Industrial, Management, Metals and Minerals, News, Sweden
Tagged ABF, carbon dioxide emissions, fossil-free hydrogen, fossil-free steel, fossil-free value chain, Government Relations, green export, green jobs, green transformation, green transition, HYBRIT initiative, International Trade Union Federation, iron, ITUF, Karl-Petter Thorwaldsson, LKAB, LO, Martin Lindqvist, Public Affairs, recruitment, Senior Advisor, SSAB, SSU, Steel Industry, steelmaking, Swedish Social Democratic Youth League, Swedish Trade Union Confederation, Vattenfall, Workers’ Educational Association
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