SSAB Ab
SSABAH.HE
NASDAQ Helsinki8.51
EUR
-0.04
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SSAB Ab
SSABAH.HE
(NASDAQ Helsinki)
Recent
price
8.51
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- SSAB AB (publ) is a global specialist in advanced, high-strength steel products and related services, maintaining a significant presence across Europe, North America, and various international markets. The company is structured into five distinct operational segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The SSAB Special Steels division offers quenched and tempered steels, alongside hot-rolled advanced high-strength steel solutions. SSAB Europe delivers strip, plate, and tubular products, while SSAB Americas concentrates on the production and sale of heavy steel plates, particularly in North America. Tibnor functions as a distributor, supplying a wide array of steel and non-ferrous metals throughout the Nordic and Baltic regions. Concurrently, Ruukki Construction specializes in providing energy-efficient building and construction solutions, with a particular focus on Northern and Eastern Europe. SSAB's product portfolio includes renowned brands such as Strenx, Hardox, Docol, GreenCoat, Toolox, Armox, Duroxite, and various SSAB branded product groups like SSAB Boron, SSAB Domex, SSAB Form, SSAB Laser, SSAB Weathering, Cor-Ten, and SSAB Multisteel. These specialized steels cater to demanding sectors including heavy transport, construction, automotive, industrial machinery, energy, material handling, and service centers. A key strategic initiative for SSAB involves pioneering the green transition within the steel industry. The company has successfully produced the world's first fossil-free steel as a proof of concept using HYBRIT technology, which utilizes hydrogen in the steelmaking process, aiming to substantially reduce carbon dioxide emissions. Recent milestones include pilot deliveries of fossil-free steel for automotive seat structures through a collaboration with Forvia (formerly Faurecia S.E.), as well as agreements to supply fossil-free steel for infrastructure projects, such as the world's first fossil-free dam gate with Vattenfall. SSAB is committed to delivering commercially viable fossil-free steel by 2026 and aims to significantly lower its CO2 emissions by 2030, with a major investment in a new fossil-free steel mill in Luleå, Sweden, planned for startup by late 2028. Established in 1878, SSAB AB (publ) is headquartered in Stockholm, Sweden. The company has approximately 14,500 employees across more than 50 countries.