SSAB is a global leader in value added, high strength steel. SSAB offers products developed in close cooperation with its customers to reach a stronger, lighter and more sustainable world.
The Group’s steel operations consist of three divisions - SSAB Strip Products (main centres are Borlänge and Luleå), SSAB Plate (Oxelösund) and SSAB North America (Mobile and Montpelier steelworks) and two subsidiaries - Plannja representing processing and Tibnor which is the group’s trading company.
In 2007, the Group’s turnover was approximately SEK 48 billion.
SSAB employs 9,200 people in over 45 countries around the world and operates production facilities in Sweden and the US.
Market Listing
SSAB has been listed on the NASDAQ OMX Nordic Exchange, Stockholm, since 1989 and is on the list of the most heavily traded shares. Shareholders include Swedish and international institutions and private investors. The largest single shareholder is Industrivärden. Market value at year end 2007 was over SEK 55 billion.
History
SSAB was formed in 1978 through the merger of three steelworks: Domnarvets Järnverk in Borlänge, Oxelösunds Järnverk, and Norrbottens Järnverk in Luleå. Since then, the group has successfully cultivated a niche market for high strength steel.
In July 2007, SSAB acquired the North American steel company IPSCO Inc., and in 2008, SSAB divested the tubular operations within the IPSCO Division.