SSAB AB was formed in 1978 and has, through a successful and deliberate niche focus, developed inte on of the world's most profitable steel companies.
SSAB’s organization is characterized by a decentralized work method in which responsibilities and powers are, to a large degree, delegated to the respective business areas and subsidiaries. SSAB is listed on Nasdaq OMX Stockholm and is subject to its rules and regulations, and also applies the Swedish Code on Corporate Governance (the “Corporate Code”).
The Group’s steel operations in 2013 comprised the three geographic business areas: SSAB EMEA (Europe, the Middle East and Africa), SSAB Americas (North and Latin America) and SSAB APAC (Asia, Australia and New Zealand), as well as distribution operations through the subsidiary, Tibnor.
The diagram illustrates SSAB's corporate governance model and how the central bodies operate.