Outokumpu and Gasum have signed a new 10-year power supply agreement for renewable wind power. The contracted wind power energy covers almost entirely the electricity consumption of Outokumpu's Kemi mine. According to the agreement, deliveries will begin in the summer of 2023.
From mine to steel. SSAB has now produced the world’s first fossil-free steel from LKAB iron and delivered it to a customer. The trial delivery is an important step on the way to a completely fossil-free value chain for iron and steelmaking and a milestone in the HYBRIT partnership between SSAB, LKAB and Vattenfall.
Tamara Weinert has been appointed as President of Business Area Americas with immediate effect. She has been the Acting President of Business Area Americas and a member of Outokumpu Leadership Team since October 2020.
Trafikverket (the Swedish Transport Administration), together with LKAB and Bane Nor, is conducting tests on the Swedish and Norwegian sections of the Ore Railway to enable heavier transports in future. Therefore, the axle load for ore cars is being increased from 30 tonnes to 31 tonnes.
Volvo Group and SSAB have signed a collaboration agreement on research, development, serial production and commercialization of the world’s first vehicles to be made of fossil-free steel. Volvo plans already this year to start the production of concept vehicles and components from steel made by SSAB using hydrogen.
SSAB, LKAB and Vattenfall have commenced building a rock cavern storage facility for fossil-free hydrogen gas on a pilot scale next to HYBRIT’s pilot facility for direct reduction in Luleå, North of Sweden. This is an important step in the development of a fossil-free value chain for fossil-free steel. The investment cost of just over SEK 250 million (about 24 M €) is divided equally across the holding companies and the Swedish Energy Agency, which provides support via Industriklivet.
SSAB, LKAB and Vattenfall are now taking a new, decisive leap forward in their work to make fossil-free steel for the global market. Industrialization of the technology being developed through HYBRIT will start in Gällivare, northern Sweden, where the world’s first production plant for fossil-free sponge iron – from feedstock to steel – is being planned.
The Land and Environment Court has decided to grant SSAB Oxelösund an environmental permit to convert its steelmaking operations and reduce carbon dioxide activities by 2025. This also means that we will take a step nearer towards fossil-free steel production across SSAB in 2045.
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.