March 26, 2014 13:18 CET 6 min read
SSAB has been informed that today the Rautaruukki Board of Directors has approved the attached statement in support of the share exchange offer.
SSAB and its subsidiary Ruukki Construction will this year again donate roofing products to the non-governmental organization OperationAid for the reconstruction of houses in Ukraine. In addition, SSAB will donate almost 20 tonnes of steel to make around 750 field stoves.
SSAB is granted SEK 1.45 billion in the framework of the Just Transition Fund, an EU fund that in Sweden includes support to the transition of the steel industry in Norrbotten. The funding will contribute to the transformation to fossil-free steel production of SSAB’s operations in Luleå, a technology shift that will significantly reduce Sweden’s carbon dioxide emissions.
SSAB and Snop have entered into a long-term partnership for future deliveries of fossil-free steel. The partnership will help Snop to reduce the CO2 footprint of its products and to meet its target to reduce CO2 emissions by 30% by 2030.