SSAB (OTCMKTS:SSAAY) (OTCMKTS:SSAAY) is a global steel producer headquartered in Stockholm, Sweden, specializing in high‐strength, low‐weight steels and advanced alloys. Founded in 1978 through the merger of Norrbottens Järnverk and Oxelösunds Järnverk, the company has grown into a vertically integrated operation with steelmaking facilities in Sweden, Finland and the United States. SSAB’s product range spans flat carbon steel, quenched and tempered steels, wear and abrasion resistant plates, and tubular products, serving customers across multiple industries. The company’s shares are listed on Nasdaq Stockholm, and its American Depositary Receipts trade over the counter in the U.S.
SSAB operates primarily through two segments, Europe and Americas, each encompassing steel production, processing and distribution. In Europe, facilities in Oxelösund, Luleå and Raahe supply structural, wear‐resistant and tool steels under brands such as Hardox, Strenx, Domex and Toolox. In North America, SSAB’s integrated plants and service centers in Alabama and Minnesota deliver finished plate, sheet piling and tubular products to customers in construction, mining, transport and energy. The company emphasizes short lead times and value‐added processing, including slitting, cut‐to‐length and pickling services.
Serving sectors ranging from automotive and heavy machinery to infrastructure and offshore energy, SSAB supplies specialized steels that offer improved strength‐to‐weight ratios and enhanced durability. Its wear‐resistant Hardox plates are widely used in mining and recycling equipment, while Strenx and Domex high‐strength steels support lighter, more energy‐efficient vehicle designs. SSAB has also committed to sustainable steelmaking through the HYBRIT initiative—partnering with LKAB and Vattenfall—to develop fossil‐free, hydrogen‐based iron and steel production.
Led by President and CEO Jan Moström and governed by an independent board of directors, SSAB employs a global workforce of steel industry professionals, engineers and service experts. Headquartered in Stockholm, the company maintains sales offices and distribution networks across Europe, North America, Asia and Australia. With ongoing investments in research, digitalization and green technology, SSAB is positioned to meet evolving customer demands and regulatory requirements in a changing industrial landscape.
