Transforming from a position of strength
SSAB’s board of directors took the decision to invest SEK 6.2 billion in an electric arc furnace (EAF) in Oxelösund in June 2023. It was the starting point of the transformation of the Nordic production system. After a policy decision in 2022, two mini-mills are planned until 2030 in the Nordics, one in Luleå in Sweden and one in Raahe in Finland. Investment decisions will be made around 2024 and 2026 for the respective sites, and it is only when the decisions are made that the planned steel mills can become a reality. SSAB Americas plays an important role in the transformation, providing unique knowledge and experience from EAF steelmaking. SSAB Americas have been spearheading SSAB Zero®, introduced in the market in 2023.