SSAB

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Swedish SSAB will build an environmentally friendly mini-plant in Luleå

The implementation of the project involves stopping the current production system based on the blast furnace

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SSAB has started construction of an electric arc furnace in Okselesund

Investments in the project will amount to about $600 million

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SSAB and CorPower Ocean will cooperate in the field of renewable energy

CorPower Ocean will use green steel from SSAB to build the wave power plant

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SSAB is considering possible staff reductions in Finland

The Finnish unit will begin negotiations with the unions due to low demand

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SSAB increased its steel supply by 2.5% y/y in the first half of 2023

The company increased consolidated product shipments by 0.6% y/y in Q2

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SSAB is considering temporary layoffs at its facilities in Finland

Change negotiations will last at least six weeks

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SSAB invests $571.8 million in the green transformation of production

The funds will be invested in a new electric arc furnace and processing of raw materials

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SSAB expects stable demand for steel in the second quarter

The company's operating profit in January-March 2023 amounted to SEK 4.73 billion

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SSAB presented its development strategy until 2030

The company plans to increase profits thanks to the green transition and premium products