SSAB

(IN BRIEF) Alfa Laval has been invited to participate in the Circular Initiative for the third time, a collaborative platform aimed at advancing the transition toward a circular economy. The gathering brings together leaders from various sectors committed to promoting … Read the full press release →

(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 →

(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 →

(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 →

(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 →