Analysis company CDP has ranked SSAB the best company in the world at switching to fossil-free steel production, In its report, CDP has analyzed how well prepared 20 of the world’s biggest listed steel companies are for switching to production resulting in low carbon dioxide emissions. SSAB was ranked second the last time this analysis was performed by CDP back in 2016.
SSAB has entered into an agreement to acquire Abraservice Holding, which provides wear parts and complete solutions in quenched and tempered steels (Q&T). Abraservice is currently part of the French-owned Jacquet Metal Service Group. Abraservice had net sales of around SEK 800 million in 2018. The acquisition supports SSAB’s strategic target of global leadership in Q&T and advanced high-strength steels as well as providing leading value-added services.
Thanks to a new design using high-strength, high-performing Strenx® steel, KCP’s trucks have lost about 650 kilograms, extended the reach of their pump booms, and become 5-10% lighter than most of their competitors’ products.