SSAB’s subsidiary Ruukki Construction has agreed to acquire a majority holding (67%) in the Finnish company Piristeel Oy. Piristeel Oy’s sales in 2018 were around SEK 200 million (appr. EUR 20m), whereof the majority from Finland. Piristeel Oy is Finland’s leading manufacturer of roof safety products and rainwater systems. The transaction supports Ruukki Construction’s growth strategy for the roofing business, at the same time improving SSAB’s position in the Nordic home market. The transaction is expected to complete in the first quarter of 2019.

A real-life corrosion test was recently conducted, in which SSAB’s Galfan clearly outshone competing coating materials in terms of its ability to resist corrosion. This becomes clearly evident in structures that have formed shapes. The test result showed that Galfan is up to 3.8 times more resistant to corrosion compared to other tested zinc based coatings.

To meet the global demand for sustainable building material that also provides enhanced performance, SSAB has introduced GreenCoat Crown BT for durability and high color retention in roofs and wall claddings. Featuring a coating made with sustainable Swedish rapeseed oil, this new product is part of the GreenCoat® premium steel product range, which is currently the greenest collection of color coated steel products for the building industry.