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SSAB Appoints Leena Craelius As Acting CFO
Peab And SSAB Enter Into Partnership Concerning Fossil Free Steel
SSAB To Convene Extraordinary General Meeting Due To Resignation Of Board Chairman
SSAB AB is a Sweden-based company active within the steel industry. The Company is engaged in the development, manufacture and marketing of high strength steel products and solutions. It develops its products together with customers in order to create an offering comprised of solutions ranging from lightness and durability to strength, efficiency, sustainability and safety. Its offering includes such brands as SSAB Domex, Hardox, Docol, Greencoat, Armox and Toolox. The Company’s operations are structured into five divisions: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor and Rukki Construction. Tibnor and Ruukki Construction are operated as independent subsidiaries by their respective boards.
Iron & Steel
Klarabergsviadukten 70, D6, Box 70
Independent Chairman of the Board
Chief Executive Officer, President, Director
Executive Vice President, Chief Financial Officer
Executive Vice President, Chief Technology Officer
Executive Vice President, Head of People, Culture and Communication
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Truck maker AB Volvo said on Wednesday it had produced a prototype of what it said would be the world's first vehicles made of fossil-free steel.
The Finnish government on Tuesday said it would take over direct control of shares in Swedish steelmaker SSAB from Solidium, the state investment firm.
Swedish steelmaker SSAB said on Wednesday it had partnered with Daimler's Mercedes-Benz to introduce fossil fuel-free steel into vehicle production, with prototype parts for body shells planned for next year.
Swedish green steel venture HYBRIT said on Wednesday that it had made the world's first customer delivery of steel produced without using coal as it looks to revolutionize an industry that accounts for around 8% of global greenhouse gas emissions.
Swedish steelmaker SSAB said on Wednesday it had agreed with Volvo Cars to jointly explore the development offossil-free steel for use in the automotive industry.
SSAB posted a forecast-beating first-quarter profit on Monday, boosted by strong demand and higher prices, lifting shares in the Swedish steelmaker.
Swedish truck maker AB Volvo and steel maker SSAB have signed an agreement to produce the world's firstvehicles made of fossil-free steel, the companies said on Thursday.
Swedish steelmaker SSAB <SSABa.ST> is in talks with Tata Steel <TISC.NS> about potentially buying the Indian group's Dutch steel mill in IJmuiden and related assets, it said on Friday.
Germany's Thyssenkrupp <TKAG.DE> and Sweden's SSAB <SSABa.ST> could reap more than 500 million euros ($593 million) in annual cost savings if they agree on a steel tie-up, three people close to the negotiations said.
Activist fund Cevian, Thyssenkrupp's <TKAG.DE> No.2 shareholder, has identified Swedish steelmaker SSAB <SSABa.ST> as the financially strongest partner for a potential steel tie-up, two people familiar with the matter said.
Steelmaker SSAB <SSABa.ST> reported a steep fall in quarterly operating earnings on Monday and said it expected shipments at its Americas and Europe divisions to contract sharply in the current quarter versus the first three months of 2020.
* REPORT FOR THE FIRST QUARTER 2020: RECOVERY, BUT OUTLOOK UNCERTAIN
Swedish steelmaker SSAB announced a raft of cost-cutting measures on Wednesday as it aimed to generate annual savings of more than 1 billion crowns ($100 million) to cushion the blow from the coronavirus pandemic.
Sweden's SSAB said late on Sunday it was dropping its dividend for 2019 due to uncertainties over the impact of the coronavirus pandemic, a move that came less than a week after the steelmaker had halved its original payout proposal.
Swedish steelmaker SSAB's third quarter operating earnings came in below market forecasts on Wednesday, as it cited "exceptional" margin pressure in Europe and said it expects demand to slow further in the current quarter.
Swedish steelmaker SSAB on Friday reported quarterly core operating earnings just below markets expectations and said it expected continued solid demand in the fourth quarter. The company's third-quarter operating profit, adjusted for one-off costs, rose to 1.60 billion...
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