June 13, 2008 8:00 CEST 6 min read
All closing conditions with respect to SSAB’s sale of Division IPSCO’s tubular operations have been fulfilled. The closing of the tubular operations sale has thereby occurred, effective upon June 12, 2008.
In connection therewith, David Britten will take over as head of the North America Division, while John Tulloch leaves the company upon retirement.
The second phase of the joint project FOSSA (Fossil-free Steel Applications) coordinated by SSAB Europe has received a positive financing decision from Business Finland. The project supports SSAB’s goal of building a fossil-free value chain from steel production to the end customer.
SSAB has signed a letter of intent for deliveries of fossil-free steel to Manitou Group. Deliveries are set to start in 2026 and ramp up as SSAB’s fossil-free steel production capacity increases. This agreement meets the ambitions of the two companies to significantly reduce their direct and indirect carbon emissions.
SSAB and John Deere Forestry Oy have signed a letter of intent on deliveries of fossil-free steel from 2026 onwards.