SSAB News — GMK Center https://gmk.center/en/tag/ssab-ua-en/ This is an informational-analytical, discussion platform Fri, 29 May 2026 14:15:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://gmk.center/wp-content/uploads/2018/11/android-chrome-256x256-36x36.png SSAB News — GMK Center https://gmk.center/en/tag/ssab-ua-en/ 32 32 <![CDATA[SSAB will supply green steel for Vattenfall’s solar park in Germany]]> https://gmk.center/en/news/ssab-will-supply-green-steel-for-vattenfall-s-solar-park-in-germany/ Sat, 30 May 2026 05:42:31 +0000 https://gmk.center/?post_type=news&p=124280 The Swedish steelmaker SSAB will supply Vattenfall with decarbonized steel for the construction of the Juliusburg/Krukow ground-mounted solar park in Schleswig-Holstein, Germany. This was announced in a company statement. SSAB Zero steel is used in the support structures on which solar panels are mounted. In total, more than 9,000 steel sections with a combined weight […]

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]]> <![CDATA[SSAB resumes construction of the plant in Luleå following a safety review]]> https://gmk.center/en/news/ssab-resumes-construction-of-the-plant-in-lulea-following-a-safety-review/ Wed, 27 May 2026 08:20:16 +0000 https://gmk.center/?post_type=news&p=124135 The Swedish steel company SSAB has announced that it will begin gradually resuming construction work on its new steel mill in Luleå starting May 27. According to the company, an analysis of the causes of the symptoms experienced by subcontractors’ employees at the site has been completed. The overall conclusion is that they result from […]

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]]> <![CDATA[SSAB calls for improvements to the permitting process in Sweden]]> https://gmk.center/en/news/ssab-calls-for-improvements-to-the-permitting-process-in-sweden/ Mon, 25 May 2026 12:48:51 +0000 https://gmk.center/?post_type=news&p=124045 Johnny Sjöström, CEO of the steel company SSAB, is calling for the acceleration of the permitting process for industrial investments in Sweden. He made his position known after the company announced a delay in obtaining environmental permits for its planned electric arc furnace in Oxelösund. Sjöström notes the absurdity of the fact that the electrification […]

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]]> <![CDATA[SSAB is investing $350 million in a new hardening line in Ukselesund]]> https://gmk.center/en/news/ssab-is-investing-350-million-in-a-new-hardening-line-in-ukselesund/ Tue, 19 May 2026 09:45:22 +0000 https://gmk.center/?post_type=news&p=123820 Swedish steelmaker SSAB is investing 3.3 billion Swedish kronor, or about $350 million, in the construction of a new Q&T hardening line at its site in Ukselesund. The project is intended to expand SSAB Special Steels’ capacity for producing its most profitable products and support its strategy of strengthening its leadership in the premium steel […]

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]]> <![CDATA[SSAB is raising prices for flat steel by $40 per short ton]]> https://gmk.center/en/news/ssab-is-raising-prices-for-flat-steel-by-40-per-short-ton/ Tue, 12 May 2026 10:19:42 +0000 https://gmk.center/?post_type=news&p=123534 SSAB Americas has announced a $40 per short ton price increase for flat steel products on new orders with shipment dates after June 28. In contrast, Nucor Plate Group has decided to keep prices unchanged; the company will begin accepting orders for July starting May 15. This was reported by Steel Market Update. For both […]

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]]> <![CDATA[SSAB increased steel production by 3.3% y/y in Q1]]> https://gmk.center/en/news/ssab-increased-steel-production-by-3-3-y-y-in-q1/ Wed, 29 Apr 2026 09:17:13 +0000 https://gmk.center/?post_type=news&p=123081 Swedish steel producer SSAB reported increased production figures and improved product shipments for the first quarter of 2026, driven by a recovery in demand in Europe and a stable market in North America. This is stated in the company’s report. Steel production in January–March totaled 2.01 million tons, up 3.3% compared to the same period […]

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]]> <![CDATA[SSAB has temporarily suspended construction of a new plant in Luleå]]> https://gmk.center/en/news/ssab-has-temporarily-suspended-construction-of-a-new-plant-in-lulea/ Wed, 08 Apr 2026 09:08:27 +0000 https://gmk.center/?post_type=news&p=122383 Swedish steelmaker SSAB has announced a temporary suspension of construction work at its new steel mill in Luleå, according to SteelOrbis. This step was taken after several subcontractor employees reported symptoms resembling illness—the first confirmed cases appeared in early April. As a precautionary measure, all work at the site has been halted—partial shutdowns had previously […]

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]]> <![CDATA[SSAB’s investment in Luleå recognized as a strategic zero-emission project]]> https://gmk.center/en/news/ssab-s-investment-in-lulea-recognized-as-a-strategic-zero-emission-project/ Mon, 26 Jan 2026 13:38:45 +0000 https://gmk.center/?post_type=news&p=119207 SSAB’s investment in a new steel mill in Luleå has been recognized as a strategic zero-emission project under the European Net-Zero Industry Act. This is stated in the company’s announcement. “The decision, announced by the Swedish Agency for Economic and Regional Growth (Tillväxtverket), confirms that the project is considered to be of great importance for […]

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]]> <![CDATA[Tibnor to acquire Finnish steel distributor Ovako Metals Oy]]> https://gmk.center/en/news/tibnor-to-acquire-finnish-steel-distributor-ovako-metals-oy/ Fri, 19 Dec 2025 08:12:11 +0000 https://gmk.center/?post_type=news&p=117938 Tibnor, a subsidiary of Sweden’s SSAB, has signed an agreement with Ovako to acquire Finnish steel and metals distributor Ovako Metals Oy. The completion of the transaction is subject to approval by the Finnish competition authorities, according to a press release from SSAB. The planned acquisition will enable Tibnor to strengthen its position in the […]

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]]> <![CDATA[Court confirms SSAB’s permit to build and operate a plant in Luleå]]> https://gmk.center/en/news/court-confirms-ssab-s-permit-to-build-and-operate-a-plant-in-lulea/ Mon, 24 Nov 2025 14:44:28 +0000 https://gmk.center/?post_type=news&p=116521 Swedish steel company SSAB has been given the green light to build and operate a new steel mill in Luleå. This was confirmed in a ruling by the Court of Appeal for Land and Environment, according to SVT. The company received permission from the Land and Environment Court in December 2024, but it was appealed […]

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]]> <![CDATA[Sweden’s Vattenfall orders green steel from SSAB for hydroelectric dam]]> https://gmk.center/en/news/sweden-s-vattenfall-orders-green-steel-from-ssab-for-hydroelectric-dam/ Sun, 02 Nov 2025 08:06:02 +0000 https://gmk.center/?post_type=news&p=115283 Swedish steel producer SSAB has signed an agreement with energy company Vattenfall to supply 120 tons of steel produced without the use of fossil fuels for the construction of the world’s first and largest dam gate, manufactured with virtually zero carbon dioxide emissions during production. This is stated in a press release from SSAB. The […]

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]]> <![CDATA[SSAB receives €28.8 million in funding for project in Luleå]]> https://gmk.center/en/news/ssab-receives-e28-8-million-in-funding-for-project-in-lulea/ Fri, 31 Oct 2025 10:55:30 +0000 https://gmk.center/?post_type=news&p=115255 Swedish steel company SSAB has received SEK 314 million (€28.8 million) in funding from the Swedish Energy Agency as part of the Industriklivet program to retool its plant in Luleå. This was announced in a statement by the steel manufacturer. As previously announced, SSAB is investing €4.5 billion in a new electrified and integrated steel […]

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]]> <![CDATA[SSAB postpones startup of electric arc furnace in Ökselosund until 2027]]> https://gmk.center/en/news/ssab-postpones-startup-of-electric-arc-furnace-in-okselosund-until-2017/ Fri, 24 Oct 2025 07:49:00 +0000 https://gmk.center/?post_type=news&p=114866 Swedish steelmaker SSAB has postponed the launch of an electric arc furnace (EAF) at its Oxelosund steel plant until early 2027. Initially, the company planned to complete the modernization and start producing steel at the end of 2026, but the schedule was shifted due to delays in the implementation of energy infrastructure, the company said […]

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]]> <![CDATA[SSAB Europe reduced steel shipments by 18% q/q in Q3]]> https://gmk.center/en/news/ssab-europe-reduced-steel-shipments-by-18-q-q-in-q3/ Wed, 22 Oct 2025 09:02:07 +0000 https://gmk.center/?post_type=news&p=114755 The European division of Swedish steelmaker SSAB reduced steel shipments by 18% in the third quarter of 2025 compared to the previous quarter, to 737,000 tons, according to the company’s financial report. The results were affected by weak demand in the EU market, as well as scheduled maintenance, which cost approximately SEK 330 million. The […]

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]]> <![CDATA[SSAB Zero steel meets IEA carbon thresholds]]> https://gmk.center/en/news/ssab-zero-steel-meets-iea-carbon-thresholds/ Sun, 05 Oct 2025 05:14:11 +0000 https://gmk.center/?post_type=news&p=114019 Swedish company SSAB has successfully produced steel with almost zero carbon emissions, becoming the world’s first steel producer to meet the strict thresholds set by the International Energy Agency (IEA) and the First Mover Coalition (FMC). This was announced in a statement by the company. The announcement of this achievement was made at the end […]

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]]> <![CDATA[SSAB begins construction of a new plant in Luleå]]> https://gmk.center/en/news/ssab-begins-construction-of-a-new-plant-in-lulea/ Fri, 19 Sep 2025 08:12:26 +0000 https://gmk.center/?post_type=news&p=113530 Swedish steel company SAAB has announced the official start of construction of its new green steel plant in Luleå. The foundation-laying ceremony was attended by Swedish Minister of Energy, Business, and Industry Ebba Busch and SSAB CEO Johnny Sjöstrom. “The start of construction is a historic milestone in the transition to fossil-free steel production,” the […]

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]]> <![CDATA[SSAB has secured an additional €430 million for its green transformation in Luleå]]> https://gmk.center/en/news/ssab-has-secured-an-additional-e430-million-for-its-green-transformation-in-lulea/ Tue, 01 Jul 2025 07:09:37 +0000 https://gmk.center/?post_type=news&p=110804 Swedish steel company SAAB has announced that it has secured an additional €430 million in green financing to support its transformation project in Luleå, Sweden. The latest financing was provided by the German export credit agency Euler Hermes. It complements the support previously provided by the Swedish National Debt Office (Riksgälden), the Italian export credit […]

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]]> <![CDATA[SSAB raises €2.3 billion in green financing for Luleå plant]]> https://gmk.center/en/news/ssab-raises-e2-3-billion-in-green-financing-for-lulea-plant/ Fri, 02 May 2025 11:25:49 +0000 https://gmk.center/?post_type=news&p=108628 Swedish steel company SAAB has announced that it has secured €2.3 billion in green financing for a project to build a modern fossil fuel-free mini-plant in Luleå. The financing package is covered by the Swedish National Debt Management Agency (Riksgälden), the Italian Export Credit Agency (SACE) and the Nordic Investment Bank. The deal was structured […]

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]]> <![CDATA[SSAB increased rolled steel production by 6.3% y/y in Q1]]> https://gmk.center/en/news/ssab-increased-rolled-steel-production-by-6-3-y-y-in-q1/ Wed, 30 Apr 2025 12:08:27 +0000 https://gmk.center/?post_type=news&p=108538 In January-March 2025, the Swedish steel company SAAB increased its rolled steel production by 6.3% compared to the same period in 2024, to 1.778 million tons. Compared to the previous quarter, the figure increased by 9.1%, according to the company’s quarterly report. Steel production by the company’s enterprises increased by 0.3% y/y and 4.3% q/q […]

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]]> <![CDATA[SSAB to build a new cold rolling complex in Luleå]]> https://gmk.center/en/news/ssab-to-build-a-new-cold-rolling-complex-in-lulea/ Mon, 07 Apr 2025 07:18:05 +0000 https://gmk.center/?post_type=news&p=107425 Swedish steelmaker SSAB has signed an agreement with Germany’s SMS Group to supply equipment and process automation for a new cold-rolled steel production facility in Luleå. The project is part of the construction of a modern mini-mill, which the company decided on in April 2024 as part of its transformation to carbon-free steel production, according […]

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]]> <![CDATA[SSAB to install electric arc furnace at Uxelsund plant by 2026]]> https://gmk.center/en/news/ssab-to-install-electric-arc-furnace-at-uxelsund-plant-by-2026/ Mon, 10 Mar 2025 09:40:49 +0000 https://gmk.center/?post_type=news&p=106101 Swedish steelmaker SSAB has announced the installation of an electric arc furnace (EAF) at its Uxelsund plant. This step is part of a large-scale transformation of steel production aimed at reducing CO2 emissions. The new furnace is expected to be operational by the end of 2026, replacing traditional blast furnaces. “This is an important step […]

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]]> <![CDATA[SSAB Americas raises prices for heavy plates by $100/t]]> https://gmk.center/en/news/ssab-americas-raises-prices-for-heavy-plates-by-100-t/ Fri, 21 Feb 2025 12:22:29 +0000 https://gmk.center/?post_type=news&p=105631 Steel company SSAB Americas has announced a $100 per short tonne price increase for its heavy plate products. This was reported by SMU with reference to a letter to customers dated February 19, 2025. The price increase is effective immediately and applies to all new, non-contract orders. All published additional charges remain in effect. SSAB […]

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]]> <![CDATA[Swedish SSAB withdraws from negotiations on green project in the US]]> https://gmk.center/en/news/swedish-ssab-withdraws-from-negotiations-on-green-project-in-the-us/ Fri, 17 Jan 2025 03:49:01 +0000 https://gmk.center/?post_type=news&p=104282 Swedish steel company SSAB has pulled out of negotiations to finance the construction of a green steel plant in the United States, Bloomberg reports. This comes amid President-elect Donald Trump’s efforts to reverse policies aimed at accelerating decarbonization. In March 2024, the US Department of Energy (DOE) announced $6 billion in federal funding to subsidize […]

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]]> <![CDATA[SSAB receives approval for environmental modernization of steel plant in Luleå]]> https://gmk.center/en/news/ssab-receives-approval-for-environmental-modernization-of-steel-plant-in-lulea/ Fri, 20 Dec 2024 08:15:42 +0000 https://gmk.center/?post_type=news&p=103633 Swedish steel company SSAB has received permission from the Land and Environmental Court in Umeå to build and operate a mini-mill in Luleå to replace the existing steel complex. This is stated in the company’s press release. This project will allow the company to move to carbon-free steel production, significantly reduce its impact on the […]

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]]> <![CDATA[SSAB receives €126 million for transition to carbon-free steel production]]> https://gmk.center/en/news/ssab-receives-e126-million-for-transition-to-carbon-free-steel-production/ Thu, 05 Dec 2024 09:38:45 +0000 https://gmk.center/?post_type=news&p=103155 Swedish steel company SSAB is receiving SEK 1.45 billion (€126 million) in funding from the Just Transition Fund, established by the European Union to support the environmental transformation of industry. The funding also includes national assistance from the Swedish Agency for Economic and Regional Growth, the company said in a press release. The purpose of […]

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]]> <![CDATA[EC approves €128 million state aid to Sweden to support SSAB in decarbonization]]> https://gmk.center/en/news/ec-approves-e128-million-state-aid-to-sweden-to-support-ssab-in-decarbonization/ Tue, 22 Oct 2024 07:23:14 +0000 https://gmk.center/?post_type=news&p=101613 The European Commission (EC) has approved €128 million in state aid to Sweden to support steelmaker SSAB in decarbonizing steel production at its Luleå site. This is stated in the report of the institution. The assistance will take the form of a direct grant. It will support the company’s accelerated transition to electric arc furnace […]

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]]> <![CDATA[Danieli to become technology supplier for SSAB’s green mini-plant]]> https://gmk.center/en/news/danieli-to-become-technology-supplier-for-ssabs-green-mini-plant/ Wed, 17 Jul 2024 02:41:46 +0000 https://gmk.center/?post_type=news&p=98779 Swedish steel company SSAB has selected Danieli as a technology supplier for SSAB’s fossil fuel-free steel mill in Luleå, Sweden. This is stated in the message of SSAB. The companies have signed an early service agreement (ESA) for the preparation and engineering phase of the mini-mill project. According to the agreement, Danieli will supply a […]

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]]> <![CDATA[SSAB and Firth Steels launch partnership in sustainable steel]]> https://gmk.center/en/news/ssab-and-firth-steels-launch-partnership-in-sustainable-steel/ Sun, 23 Jun 2024 07:51:24 +0000 https://gmk.center/?post_type=news&p=97975 Swedish steelmaker SSAB and UK-based Firth Steels have signed a long-term agreement to supply SSAB Zero steel, a recycled steel product made using electricity and biogas that does not contain fossil fuels. This is stated in the message of SSAB. The partnership will help Firth Steels, which is one of the UK’s leading manufacturers of […]

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]]> <![CDATA[SSAB reduced steel shipments by 8.8% y/y in Q1]]> https://gmk.center/en/news/ssab-reduced-steel-shipments-by-8-8-y-y-in-q1/ Wed, 24 Apr 2024 12:43:25 +0000 https://gmk.center/?post_type=news&p=96192 In the first quarter of 2024, Swedish steelmaker SSAB reduced shipments of steel products by 8.8% y/y – to 1.58 million tons and steel production by 5% y/y – to 1.94 million tons. This is stated in the company’s report for the first quarter of this year. SSAB’s production and shipments in January-March were lower […]

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]]> <![CDATA[Swedish SSAB will build an environmentally friendly mini-plant in Luleå]]> https://gmk.center/en/news/swedish-ssab-will-build-an-environmentally-friendly-mini-plant-in-lulea/ Tue, 02 Apr 2024 14:10:38 +0000 https://gmk.center/?post_type=news&p=95397 Swedish steel company SSAB has decided to build a modern, environmentally friendly mini-mill in Luleå, Sweden. This is stated in the company’s press release. The project involves shutting down the current blast furnace-based production system. This will reduce CO2 emissions in Sweden by 7% in addition to the 3% achieved through the conversion of the […]

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]]> <![CDATA[SSAB has started construction of an electric arc furnace in Okselesund]]> https://gmk.center/en/news/ssab-has-started-construction-of-an-electric-arc-furnace-in-okselesund/ Wed, 29 Nov 2023 11:38:50 +0000 https://gmk.center/?post_type=news&p=91099 Swedish steelmaker SSAB has started construction of an electric arc furnace (EAF) in Ökseläsund, marking an important milestone for the country’s steel industry and environmentally friendly steel production. This is stated in the company’s message. SSAB intends to transform its entire production system in Northern Europe by about 2030. Investments in the EAF in Öxeläsund […]

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]]> <![CDATA[SSAB and CorPower Ocean will cooperate in the field of renewable energy]]> https://gmk.center/en/news/ssab-and-corpower-ocean-will-cooperate-in-the-field-of-renewable-energy/ Sat, 28 Oct 2023 07:45:22 +0000 https://gmk.center/?post_type=news&p=89863 Swedish steelmaker SSAB and wave energy technology leader CorPower Ocean have signed an agreement to develop one of the world’s first wave power plants made from fossil-free steel. It is stated in CorPower Ocean message. CorPower Ocean will use green steel supplied by SSAB as a structural material to create a wave energy system with […]

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]]> <![CDATA[SSAB is considering possible staff reductions in Finland]]> https://gmk.center/en/news/ssab-is-considering-possible-staff-reductions-in-finland/ Tue, 26 Sep 2023 08:04:29 +0000 https://gmk.center/?post_type=news&p=88547 Swedish steelmaker SSAB is initiating talks with unions over possible layoffs in Finland due to continued weak demand for steel. It is stated in the company’s statement. The parties will discuss alternatives to increase the flexibility of operations and adapt to demand, taking into account future needs. «The aim is to work together to find […]

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]]> <![CDATA[SSAB increased its steel supply by 2.5% y/y in the first half of 2023]]> https://gmk.center/en/news/ssab-increased-its-steel-supply-by-2-5-y-y-in-the-first-half-of-2023/ Mon, 24 Jul 2023 09:59:55 +0000 https://gmk.center/?post_type=news&p=86266 The Swedish steel producer SSAB in the first half of 2023 increased steel shipments by 2.5% y/y – up to 3.46 million tons, and production – by almost 11% y/y, up to 4.14 million tons. Net profit in this period fell by 46% – to 7.6 billion Swedish crowns. This is stated in the message […]

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]]> <![CDATA[SSAB is considering temporary layoffs at its facilities in Finland]]> https://gmk.center/en/news/ssab-is-considering-temporary-layoffs-at-its-facilities-in-finland/ Tue, 20 Jun 2023 12:49:10 +0000 https://gmk.center/?post_type=news&p=84956 The Finnish division of SSAB Europe has initiated negotiations about changes at the plants in the cities of Hämeenlinna and Kankaanpää (Finland). According to the steel company, the reason is mainly low demand in the construction sector, Kallanish reports. The talks, which will last at least six weeks, affect about 850 employees at the Hämeenlinna […]

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]]> <![CDATA[SSAB invests $571.8 million in the green transformation of production]]> https://gmk.center/en/news/ssab-invests-571-8-million-in-the-green-transformation-of-production-in-okselsund/ Mon, 05 Jun 2023 12:45:06 +0000 https://gmk.center/?post_type=news&p=84376 The Swedish steel company SSAB is investing 6.2 billion Swedish kroner ($571.8 million) in the green transformation of the plant in Oxelesund. It is stated in the company’s press release. These funds will be invested in a new electric arc furnace and processing of raw materials. In addition, investments in the future power line and […]

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]]> <![CDATA[SSAB expects stable demand for steel in the second quarter]]> https://gmk.center/en/news/ssab-expects-stable-demand-for-steel-in-the-second-quarter/ Thu, 27 Apr 2023 14:37:35 +0000 https://gmk.center/?post_type=news&p=82833 Swedish steel producer SSAB expects stable demand for steel in the second quarter of 2023. This is stated in the company’s report according to the results of the first quarter. The company’s operating profit in January-March 2023 amounted to SEK 4.73 billion ($460 million), exceeding analysts’ forecasts. Compared to the adjusted results of the fourth […]

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]]> <![CDATA[SSAB presented its development strategy until 2030]]> https://gmk.center/en/news/ssab-presented-its-development-strategy-until-2030/ Wed, 29 Mar 2023 10:39:19 +0000 https://gmk.center/?post_type=news&p=81461 Swedish steelmaker SSAB plans to increase its annual profit by at least 10 billion Swedish kroner ($968 million) from 2030 thanks to a green transition. This is stated in the message on the company’s website. In 2022, SSAB announced that it would accelerate the transition to fossil-fuel-free steel production by around 2030, investing heavily to […]

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