Tag «ssab»

SSAB has received EC approval to divest two steel service centers and 50% of the shares in NST AS to Tata Steel

SSAB has received approval from the European Commission to sell Naantali steel service center in Finland, Halmstad steel service center in Sweden and 50% of the shares in Norsk Stål Tynnplater AS to Tata Steel in Europe. These transactions are part of the divestment remedies that the European Commission deemed necessary for the combination of …

SSAB has received EC approval to divest Tibnor Oy to Ovako AB as required under the Rautaruukki transaction

SSAB has received approval from the European Commission to sell Tibnor Oy, Finland to Ovako AB. This transaction is part of the divestment remedies that the European Commission deemed necessary for the combination of Rautaruukki with SSAB. The transaction is still subject to the approval of national competition authorities. This transaction has only a limited …

SSAB has received EC approval to divest 50% of the shares in Norsk Stål AS to Leif Hübert AS as required under the Rautaruukki transaction

SSAB has received approval from the European Commission to sell 50% of the shares in Norsk Stål AS (Norway) to Leif Hübert AS. This transaction is part of the divestment remedies that the European Commission deemed necessary for the combination of Rautaruukki with SSAB. The transaction is still subject to the approval of national competition …

SSAB has divested Finnish Plannja Oy as one of the remedies required under the Rautaruukki transaction

SSAB has divested Plannja Oy in Finland to Metehe Oy after receiving approval for the transaction from the European Commission. Both Plannja Oy and Metehe Oy are located in Joutseno and specialized in the processing, profiling and distribution of sheet steel mainly for construction applications. The transaction is part of the divestment remedies required by …

SSAB gives notice of redundancy regarding 210 employees in Borlänge

SSAB has today given notice of redundancy regarding 210 employees at the production site in Borlänge, Sweden. The notice of redundancy is due to the company’s proposal to close the galvanizing line and color-coating line in Borlänge. Through this structural change, the SSAB Europe division is optimizing and streamlining the production of certain products to …

SSAB to invest in using liquefied natural gas (LNG)

SSAB participates in Manga LNG Oy’s liquefied natural gas (LNG) terminal project to be built in Tornio in the north of Finland. The terminal will serve industry, mines and other gas users in the area. SSAB’s site in Raahe will also make use of LNG.    At the Raahe steel mill, liquefied natural gas (LNG) …

Fatal accident at SSAB in Luleå

A fatal accident occurred at SSAB’s steel mill in Luleå, Sweden late yesterday evening when a forklift truck collided with a train transporting crude iron from the blast furnace. Unfortunately, the driver of the forklift truck was killed in the accident. –       “We are shocked by this very tragic accident. The forklift truck driver worked …

SSAB Report for the third quarter of 2014

The quarter   •             Sales of SEK 13,314 (8,695) million, of which SEK 3,534 million come from Rautaruukki   •             Excluding items affecting comparability, operating profit/loss of SEK 510 (-602) million   •             Excluding items affecting comparability, profit/loss after financial items of SEK 433 (-745) million   •             Earnings per share of SEK -0.26 (-1.61) …