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Tata Steel to Acquire Nordic Strip Products Service Centers

25 Feb 2015 - Tata Steel, Europe’s second largest steel producer, announced the acquisition of three service centers in Sweden, Finland and Norway to strengthen its offering to manufacturers in the Nordic region.

SSAB Receives EC Approval to Divest 50% of the Shares in Norsk Stål AS

11 Feb 2015 - SSAB has received approval from the European Commission to sell 50% of the shares in Norsk Stål AS (Norway) to Leif Hübert AS. This transaction is part of the divestment remedies that the European Commission deemed necessary for the combination of Rautaruukki with SSAB. The transaction is still subject to the approval of national competition authorities. This transaction has only a limited impact on SSAB’s financial results. SSAB has earlier divested Plannja Oy in Finland to Metehe Oy.

Ovako Signs Agreement With SSAB to Acquire Tibnor Oy

10 Feb 2015 - Ovako has signed an agreement with SSAB to acquire steel and metals distributor Tibnor Oy in Finland. The deal has been approved by the European Commission and will now be examined by competition authorities in Finland and Estonia for final approval. The acquisition is expected to have a slightly positive impact on Ovako's operating profit and a slightly negative impact on cash flows for 2015.

SSAB’s New Hardox Tube 500 Range Enables Extreme Wear Resistance for Lighter Products

05 Feb 2015 - The new Hardox Tube 500 range has been launched by SSAB. The new range provides the same hardness and toughness as Hardox wear plate, but in circular form.

SSAB’s Chairman of the Board to Leave His Assignment in 2015

28 Jan 2015 - SSAB’s chairman of the Board, Sverker Martin-Löf, has informed the company's principal owner, Industrivärden, that he is not available for re-election at the annual general meeting during the spring 2015 in the listed companies, where he currently holds board assignment.

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