Releases - SSAB

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2010

 

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Weak demand and production shortfalls negatively impact SSAB’s earnings for the ...

12/23/2010 2:00 AM EST
SSAB’s operating profit for the fourth quarter 2010 will be negatively impacted by lower shipments and production, and is expected to be close to zero.
Towards the end of the fourth quarter, demand in Europe weakened at a faster rate than SSAB had anticipated in the Company’s third quarter report.  A disruption in production at one of the blast furnaces in Oxelösund contributed to a decline in earnings....

Change in SSAB’s Group Executive Committee

12/20/2010 5:00 AM EST
SSAB’s Head of Human Resources, Anna Vikström Persson, will be leaving the company on February 28, 2011 to take up an equivalent position at Sandvik AB. SSAB has begun a process for recruitment of a successor.
Martin Lindqvist SSAB
 

Martin Lindqvist appointed new CEO of SSAB

12/14/2010 2:30 AM EST
Martin Lindqvist has today been appointed as the new CEO of SSAB. He is currently head of the company’s largest business area, SSAB EMEA, and will succeed Olof Faxander, on January 1, 2011. Olof Faxander will become the new CEO of Sandvik AB.
“Martin possesses solid experience of the steel industry and SSAB. The Board believes that he is well suited for the task to lead SSAB’s continued development,” says...

SSAB: Financial Calendar 2011

12/10/2010 8:15 AM EST
Year-end report 2010 February 11, 2011 Annual General Meeting 2011, in Borlänge, Sweden April 12, 2011 Interim report first quarter April 29, 2011 Interim report six months July 22, 2011 Interim report third quarter October 28, 2011   The interim financial statements and year-end report will be released at 08.00 CET on the dates referred to.

South African Winner of 2010 Swedish Steel Prize

11/19/2010 2:00 AM EST
This year’s international Swedish Steel Prize goes to the South African company Van Reenen Steel Ltd. The company has developed a lighter and more durable body for dump trucks in the mining industry.
The purpose of the Swedish Steel Prize is to provide inspiration and to disseminate knowledge about high strength steel and the potential for developing lighter, safer, and more environmentally sound products – all...

SSAB breaks ground on new heat treating facility in Alabama, USA

11/15/2010 11:30 AM EST
SSAB will today hold a groundbreaking ceremony for its new heat treating facility for quenched and tempered steels. SSAB invests nearly $300 million for the heat treating facility in order to expand its line operations in Alabama. The investment is part of the program announced in 2008 to further develop SSAB’s production base in the United States.
Located on the site of its existing steel mill in Mobile...

Report for the Third Quarter of 2010

10/28/2010 2:00 AM EST
The quarter (Unless otherwise stated, the report relates to continuing operations, i.e. excl. tubular business)

· Sales increased by 43%, to SEK 9,902 (6,936) million    
· Operating profit of SEK 289 (-936) million             
· Profit after financial items of SEK 151 (-1,098) million          
· Earnings per share of SEK 0.51 (-2.33)                   
· Operating cash flow of SEK -686 (1,026) million...

Report for the Third Quarter of 2010

10/28/2010 2:00 AM EST
The quarter (Unless otherwise stated, the report relates to continuing operations, i.e. excl. tubular business)

· Sales increased by 43%, to SEK 9,902 (6,936) million    
· Operating profit of SEK 289 (-936) million             
· Profit after financial items of SEK 151 (-1,098) million          
· Earnings per share of SEK 0.51 (-2.33)                   
· Operating cash flow of SEK -686 (1,026) million...

Invitation to SSABs third quarter 2010 results briefing

10/21/2010 3:00 AM EST
SSAB invites to a presentation of the quarterly report on Thursday, October 28, 2010. The report is scheduled for publication at 08:00 a.m. CET the same date.
Time of briefing: 09:00 a.m. CET. Please note the new time.

Venue: World Trade Center (WTC) Stockholm, Kungsbron 1, Conference room Manhattan.

The third quarter report 2010 will be presented by SSAB’s President and CEO Olof Faxander and CFO Marco...

SSAB establishes a research and development facility in Kunshan, China

10/15/2010 3:15 AM EST
SSAB will build a Research and Development Facility in Kunshan, China, in line with the company’s strategy to establish a strong footprint in Asia. This is part of the earlier communicated investment in Kunshan, which also includes a finishing line. The total investment amounts to SEK 320 million.
SSAB will set up a research and development center in Kunshan, which will focus on workshop expertise and...

SSAB

SSAB is a global leader in value added, high strength steel. SSAB offers products developed in close cooperation with its customers to reach a stronger, lighter and more sustainable world. SSAB employs 9 200 people in ov...

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