SSAB's value chain

SSAB’s value creation model describes how value is created through SSAB’s business model, which takes different types of inputs and transforms them into outputs through business activities. These create value for SSAB and our stakeholders, including society and the environment. Most value is created in the use phase of SSAB’s products, as our customers are able to produce lighter and stronger end products. SSAB aims to reduce the environmental impact of our steel products in every phase of the lifecycle, from raw material extraction to recycling at the end of a product’s life.

SSAB strives to integrate sustainability into its culture since the company’s endeavors depend on every employee’s contribution. Every activity undertaken is guided by:

• Our vision and values
• The principles of our management philosophy SSAB One
• Management systems such as our Health & Safety Policy and Environmental Policy
• Our Code of Conduct

Sourcing

The raw materials used to make iron and steel account for SSAB’s most significant purchases. Suppliers must comply both with SSAB’s own policies and with international socialand environmental guidelines.

Production

Operational efficiency, flexibility, environmentally-sound technology and safe work environments are the core of SSAB’s production.

Transportation

SSAB’s business is dependent on efficient transportation throughout all the stages of the value chain. SSAB focuses on minimizing our environmental footprint through timely transportation and minimized fuel consumption.

Sales

SSAB has an extensive global sales network, which enables close collaboration with customers.

Use

Through the use of SSAB’s high-strength steels, customers are able to manufacture products which use less material, are stronger, lighter and more durable, and reduce costs, thus making customers and their products more competitive.

Recycling

Steel is a unique material that retains its properties no matter how many times it is recycled. Using recycled steel in steel production increases material efficiency and reduces CO₂ emissions.

Economic value created and distributed to stakeholders

• Payments to suppliers of raw materials, goods and services
• Employee wages and benefits
• Dividends, interest payments and financial expenses
• Taxes to the public sector
• Donations and sponsored local activities
  
  

Sustainable offerings

• Innovative, sustainable steel applications
• Customers’ improved competitiveness
• Reduced impact on the environment through higher penetration rate of high-strength steels globally; end products from less raw materials, with lower weight and fuel consumption, increased load capacity and longer lifespans all leading to reduced CO₂ emissions in the use phase
• Improved energy efficiency in buildings

Sustainable operations

• More efficient use of natural resources and reduced CO₂ emissions by utilizing residuals and recycled steel as raw materials
• Improved energy efficiency through energy recovery and systematic energy management
• Contribution to climate change mitigation and future fossil-free steel production with the HYBRIT initiative
  
  

Responsible partner

• A safe and healthy work environment for SSAB’s employees and contractors
• Equal opportunities for a diverse and inclusive workforce
• Opportunities for competence and career development for employees
• Responsible business practices throughout the value chain
• Long-term contracts and relationships with suppliers
• Creation of local employment through own operations and local sourcing
• Local sponsorships and internships
• Attracting future employees