SSAB (OTCMKTS:SSAAY) is a Swedish steel producer specializing in high-strength and wear-resistant steels. The company develops and manufactures steel products for customers in industries such as construction, automotive, mining and heavy transport. SSAB’s key brands include Hardox® for abrasion-resistant steel, Strenx® for high-strength steel in structural applications and Docol® for advanced automotive steel solutions.
Founded in 1978 through the merger of Sweden’s state-owned steelworks, SSAB was privatized in the mid-1980s and listed on the Nasdaq Stockholm exchange. It later expanded its footprint through strategic acquisitions, including the purchase of North American steelmaker IPSCO in 2014, which bolstered its production capacity and market presence in the Americas. SSAB maintains its global headquarters in Stockholm.
The company’s operations are organized into three main segments: SSAB Special Steel, SSAB Europe and SSAB Americas. SSAB Special Steel supplies niche products for applications requiring extreme strength and durability, while SSAB Europe and SSAB Americas focus on value-added flat and coated steels, as well as tubular products. SSAB also offers comprehensive service solutions, including steel processing, logistics management and technical support for customer-specific requirements.
SSAB serves a diverse international customer base across Europe, North America and selected markets in Asia. Through research and development centers in Sweden and the United States, the company pursues sustainability initiatives such as fossil-free steelmaking and enhanced life-cycle performance of its products. SSAB is led by President and CEO Martin Lindqvist and a senior management team committed to innovation and environmental stewardship.
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