Liberty Steel Group, part of sustainable industry leader GFG Alliance, has today announced that it has made a non-binding indicative offer (NBIO) as part of a Thyssenkrupp-led process to acquire the steel activities of Thyssenkrupp. Liberty Steel is a global steel and mining business with annual revenues of about US$ 15 bn/ € 13 bn and 30,000 employees in more than 200 locations on four continents.
Outokumpu – Change in Outokumpu’s Leadership Team
Reeta Kaukiainen, Executive Vice President, Communications, Marketing and Investor Relations has decided to pursue her career outside Outokumpu. She will continue in her current role until the end of September. With this change, Outokumpu’s communications, marketing and IR will continue as separate functions within the Outokumpu organization.
Today, SSAB, LKAB and Vattenfall are taking a decisive step toward fossil-free steelmaking with the start-up of HYBRIT’s globally unique pilot plant for the production of fossil-free sponge iron. Swedish Prime Minister Stefan Löfven started up the plant together with Isabella Lövin, Minister for Environment and Climate and Deputy Prime Minister, Martin Lindqvist, President and CEO of SSAB, Jan Moström, President and CEO of LKAB and Magnus Hall, President and CEO of Vattenfall. SSAB, LKAB and Vattenfall aim to create a complete value chain for fossil-free steel.
Maciej Gwozdz, President, business area Europe has decided to resign from Outokumpu to take a new position in another company. He will continue to work in Outokumpu in his current position until the end of September. His successor will be appointed in due course.
Outokumpu appoints Heikki Malinen as President and CEO
SSAB implements several short-term actions across the business to mitigate the effects of Covid-19 and the total annualized savings are estimated to exceed SEK 1 billion.
SSAB's annual general meeting (AGM) was held today, April 1, 2020, in Stockholm. The AGM resolved that no dividend will be paid for the financial year 2019.
During the first three months of the year the business has largely proceeded according to expectations. SSAB´s focus during the first quarter has been to reduce risks of spreading the Covid-19 virus, including measures to protect the health and safety of our personnel and at the same time sustaining operations.
HYBRIT's owners SSAB, LKAB and Vattenfall welcome the higher ambitions to reach climate targets discussed at the COP25 climate summit in Madrid. The companies cite the need for powerful measures to secure industrial transition. The HYBRIT initiative for fossil-free steel production shows that zero net emissions is possible.
A new combi wall at the Port of Gdańsk, Poland, begun in February 2019, will result in a new wharf by 2020 that will be 1,220 m (4,000 ft) long. The most important part of the wharf, the steel piles, came from SSAB.
The finalists for the Swedish Steel Prize 2019 have now been named and include four revolutionary design concepts that fully utilize the characteristics of premium steel within SSAB’s product range. The winner will be announced at a ceremony in Stockholm on November 14 that celebrates the 20th anniversary of the Swedish Steel Prize.
SSAB Special Steels is aiming for 1.35 million tonnes of shipments by 2020. Part of this will come from upgrading but expanding sales in emerging markets will also play an important role in achieving this aim. Latin America is one potential geographical area for growth. We want to maintain and strengthen our position as the global leader in wear, structural, protection and tool steels as well as in related value-added services.
BHP’s diverse portfolio and long-term commitment to our relationships within Asia means we are well positioned to help make the promise of China’s Belt and Road Initiative (BRI) a reality.
The sale of the CSA Siderúrgica do Atlântico (CSA) steel mill in Brazil to the Latin American steelmaker Ternium is complete.
SSAB, LKAB and Vattenfall announced today that they have formed a joint venture company to continue to drive the HYBRIT initiative. The three companies will each own one third of the company, which will seek to develop a steelmaking process that emits water instead of carbon dioxide.
SSAB has recently opened an office in Egypt and is working on establishing one in Algeria. Both countries offer great potential for new business opportunities, and the start in Egypt has been very good. There are also plans related to Western and Central Africa.
For developing the Helix Dumper, an innovative wagon solution that is highly durable and far more efficient than other ore wagon offerings, Kiruna Wagon has been named a finalist for the Swedish Steel Prize 2017.
For developing the Maverick range of dedicated light duty vehicles (LDV) for mining, which provide maintenance, repair and lifecycle advantages never before seen on the market, Fermel has been named a finalist for the Swedish Steel Prize 2017.
XCMG, one of China’s biggest construction machinery manufacturers, is a long standing customer of SSAB. They recently manufactured the biggest wheel loader bucket in China, with a capacity of 17 m3. Use of Hardox plate and Strenx performance steel has increased the overall bucket lifetime by 70%.
Iron ore from Swedish producer LKAB is of unusual quality. It is very pure, fostering highly efficient steel production that minimizes greenhouse gas emissions from the mine to the final production of steel, an independent analysis shows.
Truly innovative design concepts pushing utilization of high-strength steels to the limits characterize this year’s four finalists for the Swedish Steel Prize. The winner will be announced at a ceremony in Stockholm on May 11.
Duroxite overlay products are abrasion-resistant materials deposited on top of mild steel or Hardox wear plate to create an extremely wear-resistant compound material. Duroxite overlay products can add months or even years of trouble-free operations in extreme wear situations. These products are offered by SSAB’s Hardox Wearparts Centers.