The political strikes that started in Finland on March 11, 2024 are estimated to weaken SSAB Europe’s first quarter operating result by around SEK 350 million. If the strikes continue into the second quarter, they will weaken the operating result by an estimated SEK 125 million each week.
SSAB has been selected for awards negotiations for up to 500 MUSD in funding from the U.S. Department of Energy for a potential construction of a HYBRIT[®] manufacturing facility, capable of producing fossil free iron by using green hydrogen instead of fossil fuels. The project will also explore the possibility to expand capacity and capability at SSAB’s steel manufacturing operations in Montpelier, Iowa, including increased use of renewable energy.
SSAB is today launching the world’s first emission-free steel powder for commercial deliveries, made of recycled SSAB Zero[®] steel. The product will create opportunities for customers to 3D-print their unique designs in steel produced without fossil carbon dioxide emissions. The powder combines the properties of SSAB’s high-strength steel with the light structural possibilities of 3D-printing.
Together with several large Swedish companies and universities, SSAB has joined a new research collaboration aimed at identifying technologies and solutions that eliminate greenhouse gas emissions. In addition to SSAB, Boliden, Borgstena, Lindholmen Science Park, Polestar, Sekab, SKF, Stora Enso, Volvo Cars, and multiple universities are part of the initiative called Mission 0 House.
SSAB has today March 18, 2024 published its Annual Report and the Corporate Governance Report 2023.
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