SSAB
Encyclopedia
SSAB Swedish Steel AB or simply SSAB is a Swedish
company, formed in 1978 and specialised in processing raw material to steel
. Industrivärden is the largest shareholder
.
, Borlänge
, Oxelösund
and Finspång
. SSAB Sweden produces 3,9 million tonnes of steel.
in 1956, changing its name to Interprovincial Steel and Pipe Corporation, Ltd. in 1960 and IPSCO, Inc. in 1984.
As of 2000, IPSCO had used mini mills to produce flat-rolled steel for 40 years. Late in 2001, the company officially its opened an Axis, Alabama
mill (in the Mobile
area), with a capacity of 1,250,000 tons. The $425 million rolling mill, with mill stand housings believed to be the largest one-piece cast mill housings in the world at 350 tons each, uses scrap steel to produce discrete plate and coiled hot rolled plate. Montpelier, Iowa
had a similar facility which began operations in 1997, but this one would serve the Gulf coast. On October 21, 2008, SSAB announced a $460 million expansion of the Axis mill to be completed in 2011. The mill already had 400 employees and 350 contractors.
Im May 2007, a deal to acquire IPSCO for $7.7 billion was announced. At the time, IPSCO's annual production was 4.3 million tons, with four steel mills and eleven pipe mills. On July 17, 2008, SSAB announced the completion of the deal. John Tulloch succeeded the retiring David Sutherland as IPSCO president and became an executive vice president of SSAB.
On March 17, 2008, Evraz Group SA
announced it would buy SSAB's Canada
pipe and plate business and the steel tube
business of the American IPSCO unit for $4.3 billion after steel prices rose and the dollar
fell. Evraz also planned to sell some of the American assets for $1.7 billion to OAO TMK
. IPSCO had 4300 employees, with 70 percent of its operation in the United States and 30 percent in Canada.
After the sale, SSAB changed the name of its North American operation to SSAB North American Division (NAD); headquarters stayed in Lisle, Illinois
. Included in this division were steel operations in Mobile and Montpelier, and cut-to-length lines in St. Paul, Minnesota; Houston, Texas
; and Toronto, Ontario, Canada. David Britten succeeded Tulloch as president. Paul Wilson, with 36 years of industry experience, ten of those with SSAB including management of Mobile's steel operation, became the vice president in charge of the American steel operations.
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
company, formed in 1978 and specialised in processing raw material to steel
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...
. Industrivärden is the largest shareholder
Shareholder
A shareholder or stockholder is an individual or institution that legally owns one or more shares of stock in a public or private corporation. Shareholders own the stock, but not the corporation itself ....
.
Swedish operations
The headquarter is located in central Stockholm. The production is located at LuleåLuleå
- Transportation :Local buses are run by .A passenger train service is available from Luleå Centralstation on Sweden's national SJ railway service northbound to Narvik on the Norwegian coast, or southbound to Stockholm. See Rail transport in Sweden....
, Borlänge
Borlänge
Borlänge is a locality and the seat of Borlänge Municipality in Dalarna County, Sweden, with 49200 inhabitants in 2011.- History :Originally Borlänge was the name of a tiny village, and the first historical information about it is from 1390. The village was insignificant up until about 1870...
, Oxelösund
Oxelösund
Oxelösund is a locality and the seat of Oxelösund Municipality in Södermanland County, Sweden with 10,843 inhabitants in 2005.- History :The harbour at Oxelösund has been used for at least 500 years. In the 19th century, an increased extraction from the Mining district of Central Sweden , made...
and Finspång
Finspång
Finspång is a locality and the seat of Finspång Municipality, Östergötland County, Sweden with 12,415 inhabitants in 2005.-Overview:Finspång is a traditional industrial town. The first industries were established in 1580 when a Royal factory for cannon and cannon balls was chartered. The industry...
. SSAB Sweden produces 3,9 million tonnes of steel.
North American operations
IPSCO Inc. began as Prairie Pipe Manufacturing Co., Ltd. in Regina, SaskatchewanRegina, Saskatchewan
Regina is the capital city of the Canadian province of Saskatchewan. The city is the second-largest in the province and a cultural and commercial centre for southern Saskatchewan. It is governed by Regina City Council. Regina is the cathedral city of the Roman Catholic and Romanian Orthodox...
in 1956, changing its name to Interprovincial Steel and Pipe Corporation, Ltd. in 1960 and IPSCO, Inc. in 1984.
As of 2000, IPSCO had used mini mills to produce flat-rolled steel for 40 years. Late in 2001, the company officially its opened an Axis, Alabama
Axis, Alabama
Axis is an unincorporated community and census-designated place in Mobile County, Alabama. It has a post office with the 36505 ZIP code. The community has one site listed on the Alabama Register of Landmarks and Heritage, the Kirk House.-Demographics:...
mill (in the Mobile
Mobile, Alabama
Mobile is the third most populous city in the Southern US state of Alabama and is the county seat of Mobile County. It is located on the Mobile River and the central Gulf Coast of the United States. The population within the city limits was 195,111 during the 2010 census. It is the largest...
area), with a capacity of 1,250,000 tons. The $425 million rolling mill, with mill stand housings believed to be the largest one-piece cast mill housings in the world at 350 tons each, uses scrap steel to produce discrete plate and coiled hot rolled plate. Montpelier, Iowa
Montpelier, Iowa
Montpelier is an unincorporated community in eastern Muscatine County, Iowa, United States. Located along Iowa Highway 22, it lies on the Mississippi River above the city of Muscatine, the county seat of Muscatine County. Its elevation is 568 feet...
had a similar facility which began operations in 1997, but this one would serve the Gulf coast. On October 21, 2008, SSAB announced a $460 million expansion of the Axis mill to be completed in 2011. The mill already had 400 employees and 350 contractors.
Im May 2007, a deal to acquire IPSCO for $7.7 billion was announced. At the time, IPSCO's annual production was 4.3 million tons, with four steel mills and eleven pipe mills. On July 17, 2008, SSAB announced the completion of the deal. John Tulloch succeeded the retiring David Sutherland as IPSCO president and became an executive vice president of SSAB.
On March 17, 2008, Evraz Group SA
Evraz Group
Evraz Group is one of the world's biggest vertically integrated steel production and mining businesses, with operations mainly in Russia. In 2008, Evraz Group produced 17.7 million tonnes of crude steel.-Overview:...
announced it would buy SSAB's Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
pipe and plate business and the steel tube
Tube (fluid conveyance)
A tube, or tubing, is a long hollow cylinder used to convey fluids .The terms "pipe" and "tube" are almost interchangeable, although minor distinctions exist — generally, a tube has tighter engineering requirements than a pipe. Both pipe and tube imply a level of rigidity and permanence,...
business of the American IPSCO unit for $4.3 billion after steel prices rose and the dollar
Dollar
The dollar is the name of the official currency of many countries, including Australia, Belize, Canada, Ecuador, El Salvador, Hong Kong, New Zealand, Singapore, Taiwan, and the United States.-Etymology:...
fell. Evraz also planned to sell some of the American assets for $1.7 billion to OAO TMK
OAO TMK
OAO "TMK" is one of the world's leading producers of steel pipes for the oil and gas sector...
. IPSCO had 4300 employees, with 70 percent of its operation in the United States and 30 percent in Canada.
After the sale, SSAB changed the name of its North American operation to SSAB North American Division (NAD); headquarters stayed in Lisle, Illinois
Lisle, Illinois
Lisle is a village in DuPage County, Illinois, United States. The population was 22,930 at the 2011 census, and estimated to be 23,135 as of 2008. It is part of the Chicago metropolitan area and the Illinois Technology and Research Corridor...
. Included in this division were steel operations in Mobile and Montpelier, and cut-to-length lines in St. Paul, Minnesota; Houston, Texas
Houston, Texas
Houston is the fourth-largest city in the United States, and the largest city in the state of Texas. According to the 2010 U.S. Census, the city had a population of 2.1 million people within an area of . Houston is the seat of Harris County and the economic center of , which is the ...
; and Toronto, Ontario, Canada. David Britten succeeded Tulloch as president. Paul Wilson, with 36 years of industry experience, ten of those with SSAB including management of Mobile's steel operation, became the vice president in charge of the American steel operations.