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.
The second quarter · Revenue was SEK 28,282 (31,777) million · Operating result was SEK 2,969 (4,963) million · Earnings per share were SEK 2.43 (3.81) · Net cash was SEK 14.1 (11.7) billion
The Alabama Department of Environmental Management (ADEM) recently awarded SSAB Alabama Inc., a $361,100 grant to complete a scrap tire derived crumb rubber study in the electric arc furnace (EAF) steelmaking process. Funding for this project will be used to purchase the crumb rubber and the specialized equipment for injecting this material into the EAF. This funding will also be used to work with a third-party engineering company to conduct an off-gas emissions study and subsequent report. Liberty Tire and Recycling is providing the crumb rubber for the trial.
SSAB and Danieli have signed an Early Service Agreement (ESA) on the pre- and engineering phase for the Luleå mini-mill project in Sweden. Under the agreement, Danieli will supply a highly-automated technology solution for the new mini-mill, consisting of two electric arc furnaces, secondary metallurgy, caster and strip mill.