SSAB, Stockholm, announces that Rautaruukki became part of SSAB on July 29, 2014. Together, the two create a Nordic and U.S.-based steel company that is a leading producer on the global market for advanced high-strength steels (AHSS) and quenched & tempered steels (Q&T), standard strip, plate, and tubular products, as well as construction solutions.
The preliminary combined net sales for the companies during 2013 amounts to approximately SEK 56 billion (EUR 6.4 billion), and SSAB and Rautaruukki combined have around 17,300 employees. The company has an annual steel production capacity of 8.8 million metric tons.
The merger of SSAB and Ruukki creates a global steel company that offers value-added products and services developed in close cooperation with its customers. The new company has five divisions: SSAB Special Steels –advanced high-strength steels and quenched and tempered steels; SSAB Europe –Nordic-based steel producer of high quality strip, heavy plate and tubes; SSAB Americas –North America-based steel producer of high quality heavy plate; Tibnor –Nordic full-service steel distribution partner; and Ruukki Construction –European provider of energy-efficient building and construction solutions.
