Last kr62.35 SEK
Change Today -1.20 / -1.89%
Volume 570.1K
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As of 5:02 AM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Klarabergsviadukten 70, D6

PO Box 70

Stockholm, 101 21

Sweden

Phone: 46 84 54 57 00

Fax: 46 84 54 57 25

SSAB AB engages in the manufacture and sale of steel products worldwide. Divisions The company's divisions include SSAB Strip Products; SSAB Plate; SSAB North America; Tibnor; and Other. SSAB Strip Products The Strip Products Division manufactures strip products in the Nordic region. It also offers advanced high-strength steels (AHSS) in Europe. Its production capacity amounts to approximately 3 million tonnes per year. Advanced high-strength steels can be used in various applications to reduce weight and extend product life. Hot-rolled advanced high-strength steel is used in the automotive industry, primarily for trucks, and in areas, such as cranes and containers. Cold-rolled advanced high-strength steel is used primarily for safety components in the automotive industry. Galvanized extra and ultra high-strength steels are used in applications that require a level of anti-corrosion protection. Ordinary strip steel is used primarily within the engineering, construction, and automotive industries. Its product range includes strip in thicknesses ranging from 0.1 mm to 16 mm, with a maximum width of 1,600 mm. The products are marketed under the Domex, Docol, Dogal, Dobel, and Prelaq brands. SSAB Plate The SSAB Plate Division manufactures quenched steels, which are used in construction machinery and mining equipment, as well as in the manufacture of cranes, bridges, and offshore equipment. The division’s main products are abrasion-resistant steels and construction steels, sold respectively under the Hardox and Weldox brands, as well as Toolox and Armox. SSAB North America The SSAB North America Division supplies plate in North America. The operations include two steel works in which production is based on scrap metal with integrated rolling, one in Montpelier, Iowa and one in Mobile, Alabama. The operations also include three cutting lines in Texas and Minnesota in the United States; and Ontario, Canada. The two steel mills have an annual total capacity of approximately 2.5 million tonnes of crude steel. SSAB North America’s customer base includes steel service centers and OEM’s (original equipment manufacturers). Within the energy sector, its customers are windpower plants. Tibnor The Tibnor Division engages in steel distribution in the Swedish market. Tibnor’s traditional core business lies within the areas of steel and stainless steel in which industry is supplied with a range of commercial steels, strip products, plate, specialty steels, pipes, and stainless steel. In addition, the business operations include the sale of non-ferrous metals and building-related steel products. Tibnor’s foreign subsidiaries supply the customers in their respective countries with a selection of steel and non-ferrous metal products. Tibnor offers resources for pretreatment of materials, such as splitting and cutting to size of strip steel at its own facility in Gothenburg. Tibnor supplies reinforcement products to construction companies. Other The Other Division includes Plannja, Lulekraft, Oxelosunds Hamn, and SSAB Finance Belgium. Plannja: Plannja is wholly owned by the company and produces building sheet, with a geographic focus on the Nordic and Baltic regions, as well as central and eastern Europe. The product range consists of a range of flat and profiled building sheet, sheet roofing tiles, rainwater run-off goods, and sandwich-type wall panels. Plannja’s products are based overwhelmingly on metal-coated strip steel. Lulekraft: Lulekraft operates a combined heat and power plant in Lulea and is owned by the company (50%) and the municipality of Lulea (50%). Oxelosunds Hamn: Oxelosunds Hamn conducts port operations in Sweden. Oxelosunds Hamn is owned by the company (50%) and the municipality of Oxelosund (50%). SSAB Finance Belgium: The wholly-owned subsidiary, SSAB Finance Belgium, is in development stage that would engage in currency trading, liquidity management, and other financial operations. Markets The company's export sales from Sweden are focused primarily on Europe. It also has operations in North America, Asia, and rest of the world. Acquisitions In 2008, the company acquired Plannja SRL, the Romanian distribution company. Dispositions In 2008, the company’s subsidiary, SSAB North America, sold its tubular business. The sale covered 13tubular mills, the steel mills in Regina and Koppel, which supply the tubular business, as well as related scrap metal plants. Competition The company's main competitors within advanced high-strength steel are ThyssenKrupp and ArcelorMittal. Its main competitors within the quenched steels sector are ThyssenKrupp and Dillingen in Europe, as well as ArcelorMittal and Algoma in North America. SSAB North America’s competitors include Nucor Steel, Inc., ArcelorMittal, Essar Steel Algoma Inc., and the Evraz group. Tibnor competes with BE-Group and Ruukki. History SSAB AB was founded in 1978.

 

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