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 products in the best possible way to create new, innovative steel solutions and applications.
Employees, approximately: 4,100
Revenue in 2022: 33,666 million SEK
Head of SSAB Special Steels: Johnny Sjöström, EVP
Steel shipments in 2022: 1.5 million tonnes
550 Hardox Wearparts members
Present in more than 115 countries
SSAB Special Steels is the global leader in high-strength steels and is represented in markets in Europe, the Americas, APAC, the Middle East and Africa. About 50% of sales are in Europe and 20% in North America. SSAB defines the special steel market as hot-rolled products with a yield strength of 690 MPa and above. The total market is estimated to be around 5 million tonnes and, since demand grows structurally, it therefore outperforms demand growth for standard steel.
Requirements and demand for improved material and energy efficiency, as well as for productivity, are important drivers leading to the growing use of high-strength steels, which provide advantages in the form of stronger, lighter and more durable steel solutions. The penetration of high-strength steels is increasing in all markets, as customers upgrade their steel usage from standard to high-strength steels. In emerging markets, including Africa, the Middle East, Latin America and Asia, where the use of high-strength steels is still relatively low, the market potential for high-strength steels is even higher than in mature markets like Europe and North America.
SSAB is the largest producer of high-strength steels and has an estimated global market share of 25%. SSAB Special Steels is responsible for sales of SSAB's quenched and tempered (Q&T) steels and advanced high-strength steels (AHSS) as well as for steel production in Oxelösund (Sweden) and Mobile (USA). The division's broad portfolio includes a number of unique high-strength steels, including the Hardox (quenched and tempered plate with high wear resistance) and Strenx (advanced structural steel) brands.
SSAB Special Steels' strategy is to drive the market for high-strength steels by launching new products and by developing applications with customers to enable them to upgrade to high-strength steel from standard steel. One example of this is Hardox HiAce, which has been engineered for applications in acidic and corrosive environments like garbage trucks. Another example of applications development is customer collaboration where the properties of SSAB's structural steel allow for a new design of cranes using thinner steel to give greater lifting capacity.
Sales are diversified across customer-segments and geographies. SSAB Special Steels sells plate both direct to machine builders and service centers as well as to smaller end-users through our own global sales network. SSAB Services, the internal organization, and the Hardox Wearparts network (independent actors offering wear parts and repair services) supply the market with parts made of Hardox wear plate.
SSAB Special Steels contributes to SSAB's strategy by:
SSAB Special Steels has responsibility for the following Group strategic targets:
SSAB Special Steels
Shipments, million tonnes
Revenue, SEK billion
SSAB Special Steels’ main end customer segments include manufacturers of heavy transport, construction machinery and material handling including mining and recycling. SSAB Special Steels works in close collaboration with large OEMs, as well as with smaller and mid-sized customers through a global organization. Examples of customer applications include booms and chassis for mobile cranes, tipper bodies for trailers, and buckets for construction and mining machinery. We share a goal with our customers to make lighter, stronger end-products with better lifting capacity, higher payloads, longer service life and lower fuel consumption and emissions.
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.
SSAB offers a variety of tool steels known for their strength, durability and ease of machining. These steels are formulated to meet the demands of different industrial applications.
SSAB offers armor steel, a type of steel specifically designed for use in ballistic and amors applications. It is characterized by high hardness and strength, making it suitable for use in a wide range of protective equipment and strucutres.
ArcelorMittal, Dillinger, Voestalpine, Nucor, Nippon, ThyssenKrupp, JFE and NLMK Clabeq.