SSAB

History

YearDetail
1978 SSAB AB, earlier Svenskt Stål AB, is a Swedish company, formed in 1978 with the Swedish government as the principal owner.
2007 SSAB acquired the American steel company IPSCO for a total equity value of U.S. $7.7 billion.
2014 SSAB acquired Finnish steelmaker Rautaruukki Oyj through a share exchange offer to create a more competitive steel company with greater production flexibility and a more cost-effective base in the Nordic region.
2016 SSAB, LKAB, and Vattenfall joined forces to create HYBRIT for fossil-free steelmaking technology.
2023 SSAB launched SSAB Zero, a commercial steel made of recycled steel and produced with fossil-free electricity and biogas, resulting in steel with virtually no carbon emissions.
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