As communicated in July, SSAB has agreed to divest Ruukki Construction’s business operations in Russia (OOO Ruukki Rus) to the Russian company OAO Salavatneftemash. The transaction has received the approval of the Russian competition authorities and has now been completed. The transaction excludes the right to the Ruukki brand.

SSAB and welding solutions company Kemppi have successfully piloted sending material certificates automatically from SSAB’s SmartSteel cloud to welding equipment.

SSAB’s subsidiary Tibnor has agreed to acquire the steel distribution business of the Danish company Sanistål A/S, Denmark’s second largest steel distributor. This supports SSAB’s strategic target to strengthen its Nordic home market position. The steel distribution business now being acquired had sales of around SEK 1.8 billion in 2017. Subject to the approval of the Danish competition authority, the transaction is expected to close in the early part of the second quarter of 2019.