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Media contacts Subscribe for press releasesSSAB and Nordec have agreed on deliveries of fossil-free steel. Nordec will use the fossil-free steel in, for example, frame structures for buildings, façades and bridges.
SSAB’s annual general meeting (AGM) was held today, April 24, 2024, in Stockholm. The shareholders were also able to exercise their voting rights by postal voting. The AGM resolved on a dividend of SEK 5 per share.
The first quarter · Revenue was SEK 27,148 (31,904) million · Operating result was SEK 3,157 (4,733) million · Earnings per share were SEK 2.57 (3.59) · Net cash was SEK 18.2 (15.6) billion · Investment decision of EUR 4.5 billion for fossil-free steel mill in Luleå
The second phase of the joint project FOSSA (Fossil-free Steel Applications) coordinated by SSAB Europe has received a positive financing decision from Business Finland. The project supports SSAB’s goal of building a fossil-free value chain from steel production to the end customer.
SSAB has signed a letter of intent for deliveries of fossil-free steel to Manitou Group. Deliveries are set to start in 2026 and ramp up as SSAB’s fossil-free steel production capacity increases. This agreement meets the ambitions of the two companies to significantly reduce their direct and indirect carbon emissions.
Together with several large Swedish companies and universities, SSAB has joined a new research collaboration aimed at identifying technologies and solutions that eliminate greenhouse gas emissions. In addition to SSAB, Boliden, Borgstena, Lindholmen Science Park, Polestar, Sekab, SKF, Stora Enso, Volvo Cars, and multiple universities are part of the initiative called Mission 0 House.
The last few years has seen Thompsons become a true market leader in the UK. One of the explanations for this is its tipper bodies made of both Hardox® 500 Tuf and Strenx® 900MC steel, which have reduced tipper body weight by up to 500 kilos. This in turn has meant that customers have received tippers with increased load capacity.
Since making Hardox® 500 Tuf steel its material of choice, leading Saudi Arabian heavy-transport equipment manufacturer Al Jeathen has seen its products last longer, weigh less and become more sustainable.
Meet the Big Bull, the state-of-the-art agricultural machine that can do two jobs at once: collect cuttings and bale them too. With a working width of 13.8 meters, it is the widest windrower in the world today. Yet, it can also be folded up for easier transportation. For agricultural contractors, the machine delivers improved efficiency and reduced costs.