SSAB AB (publ) Overview
Pro stress-test →SSAB AB (publ) is a Swedish steel producer specializing in high-strength and specialty steels for applications across industries like automotive, construction, heavy transport, mining, and energy. In 2021, SSAB produced the world's first fossil-free steel using hydrogen instead of coke-based processes, with the steel delivered to Volvo Group for testing.
Strategic Profile
Pro stress-test →SSAB is undertaking a strategic roadmap to revolutionize iron- and steelmaking, and to be the world's first steel company to deliver iron ore-based fossil-free steel to the market in 2026. SSAB's transformation to modern, fossil-free steel production is proceeding with the conversion of Oxelösund continuing and the construction of a highly-efficient mini-mill in Luleå having commenced in the summer of 2025.
Competitive Landscape
Pro stress-test →Competitors include Acerinox, Cleveland-Cliffs, ArcelorMittal, United States Steel, and Outokumpu. SSAB differentiates through premium high-strength specialty steels and industry-leading fossil-free production capabilities, commanding strong share in premium niches where lifecycle performance and emissions reduction matter. Larger global competitors like ArcelorMittal compete on scale, while regional players like Outokumpu compete in similar Nordic markets.
Industry Context
SSAB AB (publ) operates in Steel & Iron Ore Production.
Key facts
Founded: 1978 · Headquarters: Stockholm, Sweden · Employees: 14,500 · Revenue: $9.8B · Market cap: $8.2B