Duyuru • Apr 23
SSAB AB (publ) Receives EUR 20 Million Funding from Business Finland for Sustainable World Through Steels Research and Development Program SSAB AB (publ) has been selected as one of Business Finland's new leading companies in the challenge competition launched in spring 2025. Business Finland, a Finnish public innovation funding organization, has granted SSAB EUR 20 million in funding for a new Sustainable World through Steels research and development program, aimed at the transition to fossil-free steel production and the development of low-carbon products in collaboration with customers. With funding from Business Finland, SSAB will initiate a five-year research and development program titled Sustainable World through Steels. Business Finland announced the new leading companies. The objective of SSAB's program is to create an ecosystem comprising more than 200 partners, including research institutes and universities, digitalization partners, other steel producers, technology developers, and customer companies. In addition to the funding received by SSAB, several project packages related to the lead project ecosystem are currently in preparation. Overall, the estimated total cost of SSAB's lead project is EUR 50 million. SSAB will further strengthen the research ecosystem by significantly expanding international research and collaboration through EU funding. The ecosystem is expected to generate new business and increase export industry activity. The themes of the new program are: 1) Solutions for fossil-free electric steelmaking 2) Optimization and development of a sustainable fossil-free supply chain through digitalization 3) Low-emission steel applications and value chains at large scale 4) Circular utilization of steel mill side streams and materials. Through its challenge competitions, Business Finland seeks to fund research and development projects by companies operating globally or aiming for global operations, where the companies address major future challenges and make a significant contribution to Finland's competitiveness. Leading companies are required to substantially increase their R&D activities in Finland and to build ecosystems aimed at creating new business. In addition to funding the leading company's own projects, Business Finland also finances R&D projects carried out by partners within the ecosystem. Duyuru • Mar 17
SSAB AB (publ) Announces Directors Not Standing for Re-Election SSAB AB (publ) announced that Bernard Fontana and Mikael Mäkinen have declined re-election at its Annual General Meeting to be held on April 28, 2026. Duyuru • Jan 28
SSAB AB (publ) Proposes Dividend for the Financial Year 2025 SSAB AB (publ) announced that the Board proposed a dividend of SEK 2.00 per share for the financial year 2025 against SEK 2.60 per share paid last year. Duyuru • Oct 10
SSAB AB (publ), Annual General Meeting, Apr 28, 2026 SSAB AB (publ), Annual General Meeting, Apr 28, 2026. Duyuru • May 02
SSAB AB (publ) Approves Dividend, Payable on May 7, 2025 SSAB AB (publ) at its AGM held on April 29, 2025 resolved on a dividend of SEK 2.60 per share, with May 2, 2025 as the record date. The dividend is expected to be distributed by Euroclear Sweden AB on May 7, 2025. Duyuru • Mar 18
SSAB Announces Management Changes, Effective April 1, 2025 SSAB is making changes in the support functions of its Group Executive Committee. Carl Orrling has been appointed as a new member of SSAB's Group Executive Committee. Carl Orrling has been appointed EVP CTO with responsibility for the Transformation Office and will become a new member of SSAB's Group Executive Committee. The Group Executive Committee will be reduced from 11 to 9 members. Christina Friborg (SVP Sustainability, Ethics & Compliance, Health & Safety), Eva Petursson (SVP Research & Innovation), and Lars Sjöbring (SVP General Counsel) will retain their responsibilities and continue to report to Johnny Sjöström but will no longer be members of the Group Executive Committee. Martin Pei, the former EVP CTO, will become a Senior Advisor with a focus on securing raw material supplies for the new fossil-free steel plants. He will continue to represent SSAB as Chairman of the Board of Hybrit Development AB and will still report to Johnny Sjöström. These changes will take effect on April 1, 2025. The new Group Executive Committee will consist of: Johnny Sjöström - President and CEO of SSAB, Leena Craelius - EVP Chief Financial Officer, Per Elfgren - EVP Head of SSAB Special Steels, Tony Harris - EVP Head of SSAB Europe, Chuck Schmitt - EVP Head of SSAB Americas, Maria Långberg - EVP Organization and Culture, Helena Norrman - EVP Communications, Carl Orrling - EVP CTO and Head of the Transformation Office and Viktor Strömberg - EVP Strategy and Digitalization. Duyuru • Feb 04
Jennmar Corporation completed the acquisition of Rock bolt manufacturing unit in Virsbo from SSAB AB (publ) (OM:SSAB A). Jennmar Corporation has entered into an agreement to acquire Rock bolt manufacturing unit in Virsbo from SSAB AB (publ) (OM:SSAB A) on January 7, 2025. As a part of acquisition, in total, 66 people are affected by the acquisition and have received an offer to continue their employment with Jennmar. The transaction is expected to be finalized in the first quarter of 2025.
Jennmar Corporation completed the acquisition of Rock bolt manufacturing unit in Virsbo from SSAB AB (publ) (OM:SSAB A) on February 3, 2025. Duyuru • Jan 22
SSAB Appoints Helena Norrman as EVP & Head of Group Communications, Effective April 16, 2025 SSAB has appointed Helena Norrman as EVP & Head of Group Communications, a newly-created role in the company's Group Executive Committee. Helena will take up the position by April 16, 2025 and will be responsible for communication at SSAB.Helena Norrman joins SSAB from her role as partner and communications advisor at global communications consultancy Kekst CNC. Prior to this, she held several leading positions at global telecom company Ericsson, where for example, she headed Marketing and Corporate Relations and was a member of the company's Executive Team. In her role as EVP & Head of Group Communications, Helena will be a member of SSAB's Group Executive Committee and play an important role in the company's continued development. Helena Norrman holds a degree in International Business Administration from the University of Linköping in Sweden. Duyuru • Dec 20
SSAB Appoints Tony Harris as New Head of SSAB Europe, Effective February 1, 2025 SSAB announced Tony Harris has been appointed as new head of SSAB Europe effective February 1, 2025. He transitions into this role from his current position as Head of Sales and Business Development at SSAB Europe. He has a strong commercial background from both small and medium-sized enterprises and multinational corporations. His expertise covers not only sales and business development but also operations and general management. Since joining SSAB in 2014, following the merger with Rautaruukki, Tony has served as a key member of SSAB Europe's Management Team. Upon assuming his new role, he will also join SSAB's Group Executive Committee. Tony will succeed Olavi Huhtala, who earlier has announced his retirement. Duyuru • Dec 05
SSAB Receives Financing from EU and Swedish Agency for Economic and Regional Growth SSAB is granted SEK 1.45 billion in the framework of the Just Transition Fund, an EU fund that in Sweden includes support to the transition of the steel industry in Norrbotten. The funding will contribute to the transformation to fossil-free steel production of SSAB's operations in Luleå, a technology shift that will significantly reduce Sweden's carbon dioxide emissions. SSAB plans to decommission the current coal and blast furnace-based production system in Luleå in favor of a state-of-the-art fossil-free mini-mill with electric arc furnaces and rolling complexes. This will reduce Sweden's CO2 emissions by 7% in addition to the 3% from the conversion of SSAB's steel plant in Oxelösund. Startup of the new mill in Luleå is planned at the end of 2028 with full capacity in 2029, while startup of the new electric arc furnace in Oxelösund is expected toward the end of 2026. The investments are mainly funded with SSAB's own cash flow. The Just Transition Fund is an EU fund that focuses on industries and regions with high carbon dioxide emissions. The fund will help reduce emissions and tackle the challenges created by the transition. In Sweden's national program for the Just Transition Fund, the eligible sectors are the steel, metal and cement industries. The steel industry in Norrbotten was pinpointed as one of three industries that could be awarded the funds. On October 21, 2024, the European Commission announced that it had approved a Swedish measure to support SSAB through the Just Transition Fund. On December 4, 2024, the Swedish Agency for Economic and Regional Growth, which administers the fund in Sweden, announced that SSAB is granted SEK 1.45 billion in EU funding and national co-financing. SSAB has previously been granted nearly SEK 38.6 million from the same fund for SSAB Academy, a pilot program for employee competence development in Luleå. Duyuru • Dec 03
SSAB AB Announces Retirement of Chuck Schmitt, Head of SSAB Americas SSAB AB announced that Chuck Schmitt, Head of SSAB Americas, will retire in the summer of 2025. A recruitment process to find his successor will begin shortly. Chuck Schmitt has been Head of SSAB Americas and a member of SSAB's Group Executive Committee since 2011. He has been with the company since 1990, starting at the U.S.-based IPSCO which was later acquired by SSAB. Chuck Schmitt will remain in his current position until June 30, 2025. A recruitment process to find his successor will begin shortly. Duyuru • Oct 28
Martin Lindqvist to Step Down from SSAB's Board of Directors As previously communicated, Martin Lindqvist has left his position as SSAB's President and CEO. On October 28, 2024 he has announced that he is also leaving his position in the Board of Directors. Duyuru • Oct 08
SSAB AB (publ) to Report Fiscal Year 2024 Results on Mar 17, 2025 SSAB AB (publ) announced that they will report fiscal year 2024 results at 8:00 AM, Central European Standard Time on Mar 17, 2025 Duyuru • Sep 05
SSAB AB (Publ) Announces Retirement of Olavi Huhtala as Head of SSAB Europe SSAB AB (publ) announced that Olavi Huhtala, Head of SSAB Europe, will retire during winter 2025. A recruitment process to find his successor will now begin. Olavi Huhtala has been head of SSAB Europe and a member of SSAB's Group Executive Committee since 2014. Olavi Huhtala will remain in his role as head of SSAB Europe until the end of January 2025, after which he will remain as an advisor. Duyuru • Mar 19
SSAB AB (publ) to Report Fiscal Year 2023 Results on Mar 18, 2024 SSAB AB (publ) announced that they will report fiscal year 2023 results on Mar 18, 2024