Today, in the presence of Swedish Prime Minister Ulf Kristersson, SSAB made a start on construction work for an electric arc furnace in Oxelösund. This is an historic milestone for Swedish industry and for the green transformation to fossil-free steelmaking.
During the period 20 - 24 November 2023, SSAB AB (publ) (LEI 529900329VS14ZIML164) has repurchased in total 2,016,000 own shares, of which 492,000 shares of series A (ISIN: SE0000171100) and 1,524,000 shares of series B (ISIN: SE0000120669), as part of the share buy-back program initiated by the Board of Directors with the purpose to adjust the company’s capital structure so as to create greater value for the company’s shareholders.
SSAB has today submitted its application under the Swedish Environmental Code to the Land and Environmental Court at Umeå District Court. The aim of the application is to obtain the necessary permits to transform the existing operations in Luleå to fossil-free production and so contribute to a more sustainable world.
SSAB, a global leader in high-strength steel, is proud to announce the launch of the Strenx® Certified Fabricator, an exclusive initiative designed to recognize and promote excellence in the field of high strength steel fabrication. Strenx® Certified Fabricator connects a select group of fabricators with a proven ability to provide OEMs with state-of-the-art steel components and pre-fabricated structures. They have demonstrated exceptional skill and expertise in working with SSAB’s Strenx® performance steel.
The change negotiations initiated by SSAB Europe’s Finland Business Unit in Raahe have concluded. The negotiations identified solutions that can deliver permanent cost savings of more than EUR 10 million annually in fixed costs. As a result of the negotiations, workforce reductions were avoided.
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