
SSAB is a global leader in sustainable steel solutions. They have a long history of innovation, with the company founded in 1951 in Sweden.
SSAB's commitment to sustainability is evident in their production process, which includes the use of renewable energy sources such as biomass and waste heat. This approach has reduced their carbon footprint significantly.
Their focus on sustainability has earned them recognition, including being named one of the world's most sustainable companies by Corporate Knights.
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Sustainability
SSAB is committed to sustainability, and its efforts are paying off. In 2021, the company produced the world's first fossil-free steel using hydrogen instead of coke-based processes.
SSAB operates under three main divisions: SSAB Special Steels, SSAB Europe, and SSAB Americas, and it owns several subsidiaries, including Ruukki Construction and Tibnor. The company's product brands include SSAB Domex, Hardox, Docol, GreenCoat, Armox, and Toolox.
SSAB's sustainability initiatives have led to a significant reduction in its carbon footprint. In 2020, the company reported a 7.1% year-over-year decline in total CO2e emissions, reaching 9,989 kilotons.
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Here's a breakdown of SSAB's total CO2e emissions over the years:
By producing fossil-free steel, SSAB is helping to reduce the carbon footprint of its customers. For example, Ponsse, a manufacturer of forestry machinery, is using pilot deliveries of fossil-free steel in one of its best-selling forwarder's load space.
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Sustainability Initiatives (2020s)
SSAB, a Swedish steel company, has been at the forefront of sustainability initiatives in the steel industry. In 2021, they produced the world's first fossil-free steel using hydrogen instead of coke-based processes.
The company operates under three main divisions: SSAB Special Steels, SSAB Europe, and SSAB Americas. They also own subsidiaries Ruukki Construction and Tibnor. SSAB's product brands include SSAB Domex, Hardox, Docol, GreenCoat, Armox, and Toolox.
SSAB has been involved in various government-supported research programs, such as the "Steel Eco-System" initiative. They also sponsor the Swedish Steel Prize.
SSAB has made a significant commitment to sustainability, with a goal to reduce Sweden's carbon dioxide emissions by 7% upon completion of their new fossil-free steel mill in 2028. The mill, which will be built in Luleå, Sweden, is expected to be a major step forward in reducing the steel industry's environmental impact.
Here's a breakdown of SSAB's emissions over the years:
SSAB's efforts to reduce their emissions are paying off, with a 7.1% year-over-year decline in 2020.
Nyckeltal
Nyckeltal are based on the latest report, and they're a crucial part of understanding sustainability.
Nyckeltalen are used to measure progress towards sustainability goals, and they're often presented in a clear and concise manner.
The latest report shows that Nyckeltalen are a key indicator of a company's or organization's commitment to sustainability.
Nyckeltalen can be used to track progress over time, helping to identify areas for improvement and celebrate successes.
By focusing on Nyckeltalen, we can make data-driven decisions that drive positive change and contribute to a more sustainable future.
International Presence
SSAB has an impressive international presence. In 2008, the company acquired IPSCO, an American steel producer with facilities in Montpelier, Iowa, and Mobile, Alabama, which focused on scrap-based steel production.
The acquisition of Finnish steel producer Rautaruukki in 2014 significantly increased SSAB's steel production capacity by 2.6 million tons. This acquisition also made Finnish state-owned Solidium SSAB's third-largest shareholder.
SSAB is the largest steel sheet manufacturer in Scandinavia, with a strong presence in Sweden. The company's production facilities in Luleå, Borlänge, Oxelösund, and Finspång are crucial to its international operations.
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International Expansion (2000s–2010s)

SSAB expanded its international presence in the 2000s and 2010s through strategic acquisitions.
In 2008, SSAB acquired IPSCO, an American steel producer with mills in Montpelier, Iowa, and Mobile, Alabama, which focused on scrap-based steel production using electric arc furnaces.
These facilities allowed SSAB to enter the US market and diversify its production methods.
The acquisition of Finnish steel producer Rautaruukki in 2014 was a significant milestone in SSAB's international expansion.
SSAB acquired Rautaruukki for €1.1 billion, increasing its steel production capacity by 2.6 million tons.
Key Rautaruukki production facilities that remained operational included the steel plant in Raahe and the sheet and pipe manufacturing facility in Hämeenlinna.
Following the merger, Finnish state-owned Solidium became SSAB's third-largest shareholder.
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Sweden
Sweden is home to SSAB's largest steel sheet manufacturing operations, located in Luleå, Borlänge, Oxelösund, and Finspång.
SSAB is the largest steel sheet manufacturer in Scandinavia, with a significant presence in Sweden.
Ninety percent of SSAB's Swedish production is exported, with Germany being its chief export partner.
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SSAB produces nearly all of the steel plates created in Sweden, making it a leading player in the country's steel industry.
The company operates a blast furnace, coking plant, and steelworks in Luleå, and rolling mills and coating plants in Borlänge, where the initial product is sent from one location to the other via train.
SSAB Special Steels in Oxelösund is the only steelworks in Sweden to have its entire vertical production base in one place, from raw material handling to its rolling plates.
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Brands and Products
SSAB has a range of brands that cater to different industries and applications. One of their most notable brands is Hardox, which is a leading wear-resistant steel that excels in challenging environments.
SSAB's portfolio also includes Docol, the ultimate automotive steel, and Armox, an armor steel for protection in hazardous environments. Toolox is another brand designed for high-speed manufacturing of machine parts, molds, and dies.
Here are some of the major brands under the SSAB umbrella:
- Hardox
- Strenx
- Docol
- GreenCoat
- Toolox
- Armox
- SSAB Boron
- SSAB Domex
- SSAB Form
- SSAB Laser
- SSAB Weathering
- SSAB Multisteel
These brands share the same parent brand, SSAB, which is a specialized steel manufacturer that only produces steel grades with qualities fine-tuned for specific applications.
Brands

SSAB has a range of brands that cater to different needs and applications. These brands include Hardox, Strenx, Docol, GreenCoat, Toolox, Armox, and many others.
Hardox is a leading wear-resistant steel that offers outstanding hardness, toughness, and abrasion resistance in challenging environments. It's perfect for applications where durability is key.
Strenx is a high-strength structural steel that enables innovative design of advanced load-bearing structures that are strong and light. This makes it ideal for construction and engineering projects.
Docol is the ultimate automotive steel with a tensile strength span that includes advanced high-strength steel (AHSS) and ultra high-strength steel (UHSS). It's used in the production of high-performance vehicles.
SSAB's brands are designed to meet specific needs, from wear resistance to high strength and durability. Their products are fine-tuned to make applications stronger, lighter, safer, and more sustainable.
Here's a list of some of SSAB's major brands:
- Hardox
- Strenx
- Docol
- GreenCoat
- Toolox
- Armox
- SSAB Boron
- SSAB Domex
- SSAB Form
- SSAB Laser
- SSAB Weathering
- SSAB Multisteel
- Hardox in my Body
- My Inner Strenx
- Hardox Wearparts
How Is Made?
Fossil-free steel is made using HYBRIT technology, a game-changer in the industry that replaces coal with hydrogen in the ore reduction process.
This innovative process emits water instead of CO2, a significant reduction in emissions.
For thousands of years, steel has been made using coal to remove oxygen from iron ore, resulting in massive amounts of CO2 being released.
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News in Focus
SSAB has started construction of a new steel mill in Luleå, which will replace the current blast furnace-based production.
The new mill will produce SSAB Zero steel using HYBRIT technology, a game-changer in the industry. This technology aims to make steel production more sustainable and reduce its carbon footprint.
Construction of the new mill was kicked off with the participation of Minister for Energy, Business and Industry Ebba Busch and SSAB's CEO Johnny Sjöström. This is a significant step towards a more environmentally friendly steel production process.
Vattenfall Eldistribution has announced its support for the project, highlighting the importance of sustainable steel production. The new mill will be a state-of-the-art facility that sets a new standard for the industry.
GE Vernova's tower production will be using SSAB Zero steel, which is a testament to the growing demand for sustainable steel solutions. This partnership will help reduce the carbon footprint of steel production in the region.
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Vision and Mission

At SSAB, our vision is a compass that guides our actions and behavior, shaping our culture and characteristics in the process. They describe what we stand for.
Our vision serves as a guiding force, helping us make decisions that align with our values and mission. It's a constant reminder of what we strive to achieve.
By living up to our vision, we create a culture that is strong, innovative, and forward-thinking. This is reflected in everything we do.
Definitions and Glossary
SSAB is a Swedish steel company that specializes in high-strength steel.
Their products are used in various industries, including construction, automotive, and energy.
SSAB's steel is known for its high strength-to-weight ratio, making it ideal for applications where weight reduction is critical.
Boron steel is a type of steel that SSAB produces, which has a high strength-to-weight ratio and is resistant to corrosion.
Boron steel is often used in the automotive industry to reduce vehicle weight and improve fuel efficiency.
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High-strength steel is a type of steel that has a yield strength of over 500 MPa, which is significantly higher than regular steel.
SSAB's high-strength steel is used in various applications, including construction and energy infrastructure.
Quenched and tempered steel is a type of steel that SSAB produces, which has a high strength-to-weight ratio and is resistant to wear and tear.
Quenched and tempered steel is often used in the construction industry for building high-rise buildings and bridges.
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Frequently Asked Questions
Is SSAB A good investment?
Based on current market indicators, SSAB AB (publ) stock may not be a good investment option due to sell signals from both short and long-term Moving Averages. Further analysis is recommended to confirm this forecast and make an informed investment decision.
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