SSAB
Investments in the project will amount to about $600 million
28 October 2023
CorPower Ocean will use green steel from SSAB to build the wave power plant
The Finnish unit will begin negotiations with the unions due to low demand
The company increased consolidated product shipments by 0.6% y/y in Q2
Change negotiations will last at least six weeks
The funds will be invested in a new electric arc furnace and processing of raw materials
The company's operating profit in January-March 2023 amounted to SEK 4.73 billion
The company plans to increase profits thanks to the green transition and premium products