SSAB Special Steels
Global steel supplier and service partner in Quenched & Tempered Steels (Q&T) and Advanced High-Strength Steels (AHSS)
SSAB Special Steels’ wide product portfolio includes a number of unique steel grades. Hardox® - our global brand of wear steels - has the highest awareness of all brands in the steel market. Through close collaboration, we help our customers to utilize our high-strength steels to create new, innovative steel solutions and applications.
Number of employees: Approximately 3,200
Share of SSAB Group's total EBITDA: 56% (2020)
Revenue in 2020: SEK 16,143 million
Head of SSAB Special Steels: Johnny Sjöström, EVP
Share of SSAB Group's revenue: 24%
Steel Shipments 2020: 1.1 million tonnes
SSAB Special Steels aims to further strengthen its leading position in high-strength steels as well as in related value-added services. The market for high-strength steels has to a large extent been driven by SSAB. Since 2000, SSAB’s shipments have increased by an average of around 8% a year, outperforming the general steel market. Structural growth is generated by manufacturers’ needs for higher productivity and better sustainability performance in machinery and equipment. Upgrading components to more advanced steel enables weight reduction and extended service life.
Development of new products and applications often takes place in close cooperation with customers. As early as possible in the development of a new product – be it a tipper, a chute or a crane – SSAB’s engineers work together with the customer in developing solutions that best utilize the properties of each steel grade.
With an estimated global market share of 25%, SSAB is the largest producer of high-strength steels. There is a large number of competitors with relatively small market shares and SSAB sells roughly 3 times more in terms of volume than its closest competitor. Most competitors focus on sales to service centers and large OEMs in selected markets. Apart from those segments, SSAB’s unique global sales network enables us also to reach small and mid-size customers in all corners of the world. This network includes own stock locations, local sales force as well as technical support.
To further develop the channels to the market, SSAB Special Steels is expanding the Hardox® Wearparts network as well as SSAB Services. Hardox® Wearparts is a network of mainly independent companies offering wear parts and just-in-time repair services to end-users in the local aftermarket in the mining, quarrying, recycling and construction sectors. SSAB Services focuses on providing products and services to machine builders and the after-market business. This strategy allows SSAB to maintain a high service level in smaller and fragmented markets, and also to gain exposure to end-users’ operating expenditures (OPEX), which has a stabilizing effect over the business cycle. This has proven to be a successful strategy not only to increase the sales volume but also to drive further upgrading to harder and stronger steels in line with our vision. This ability will be developed further in the future.
Growing the volume of high-strength steels is a key in the overall objective of the SSAB Group to improve the product mix. High-strength products are also made in the mills of SSAB Americas and SSAB Europe and increasing those volumes means allocating less capacity to standard products. By 2026, when the steel mill in Oxelösund has been converted to an electric arc furnace (EAF) and the production of sponge iron using HYBRIT technology has started, SSAB Special Steels will be able to offer fossil-free premium products.
Main customer segments and applications:
High-strength structural steels:
SSAB Special Steels has the widest product portfolio on the market, combined with deep knowledge of steel properties and performance. SSAB Special Steels is responsible for all SSAB’s Q&T and hot-rolled AHSS with yield strengths of 690 MPa and above. These products can further be divided into structural high-strength steels, wear steels, protection steels and tool steels. SSAB Special Steels’ product portfolio includes a number of brands and product lines, each of which has its own unique characteristics and target applications, and comes in a range of grades and dimensions:
SSAB Services, a business unit within SSAB Special Steels, focuses on providing products and services to machine builders and the after-market business. It aims to develop the Hardox® Wearparts network and to facilitate the usage of high-strength steels by further promoting the SSAB Shape concept. SSAB’s technical support is a key element in our service offering and has a strong local presence worldwide.
ArcelorMittal, Dillinger, Voestalpine, Nucor, Nippon, ThyssenKrupp, NLMK Clabecq