ssab a industry steel founded 1978 ; 38 years ago 1978 headquarters stockholm sweden key people sverker martin l f chairman martin lindqvist president and ceo revenue sek 39.88 billion 2010 1 operating income sek 1.08 billion 2010 1 profit sek 552 million 2010 1 total assets sek 61.05 billion end 2010 1 total equity sek 30.08 billion end 2010 1 number of employees 8 480 average 2010 1 website www.ssab.com ssab ab earlier svenskt st l ab english swedish steel nasdaq stockholm ssab a is a swedish finnish company formed in 1978 and specialised in processing raw material to steel . the largest shareholders are industriv rden and the government of finland . contents 1 swedish operations 2 north american operations 3 expanding to finland 4 see also 5 references 6 external links swedish operations edit the headquarters is in central stockholm . the production is located at lule borl nge oxel sund and finsp ng . ssab sweden produces 3.9 million tonnes of steel . north american operations edit ipsco inc. began as prairie pipe manufacturing co. ltd. in regina saskatchewan in 1956 changing its name to interprovincial steel and pipe corporation ltd. in 1960 and ipsco inc. in 1984 . 2 3 as of 2000 ipsco had used mini mills to produce flat rolled steel for 40 years . 4 late in 2001 the company officially opened an axis alabama mill in the mobile area with a capacity of 1 250 000 tonnes . the us425 million rolling mill 3 with mill stand housings believed to be the largest one piece cast mill housings in the world at 350 tons each 4 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 . 5 6 on october 21 2008 ssab announced a us460 million expansion of the axis mill to be completed in 2011 . the mill already had 400 employees and 350 contractors . 7 in may 2007 a deal to acquire ipsco for us7 .7 billion was announced . at the time ipsco s annual production was 4.3 million tonnes with four steel mills and eleven pipe mills . 8 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 . 9 on 17 march 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 us4 .3 billion after steel prices rose and the dollar fell . evraz also planned to sell some of the american assets for us1 .7 billion to oao tmk . 10 ipsco had 4300 employees with 70 % of its operation in the united states and 30 % in canada . 11 after the sale ssab changed the name of its north american operation to ssab north american division nad ; headquarters stayed in lisle illinois usa . included in this division were steel operations in mobile and montpelier and cut to length lines in st. paul minnesota and houston texas usa ; 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 . 12 expanding to finland edit on january 22 2014 it was announced that ssab is to purchase finnish steel manufacturer rautaruukki for 1.1 bn euro . 13 see also edit companies portal list of swedish companies references edit a b c d e f annual results 2010 pdf . ssab . retrieved 12 february 2011 . company profile ipsco . linkedin . retrieved 2010 05 25 . a b ipsco steel officially opens 425 million alabama mini mill . siteselection.com . 2001 12 10 . a b ipsco steel alabama construction proceeds on schedule ; world s largest mill stands set in place . business wire . 2000 05 08 . retrieved 2010 05 25 . ipsco inc. subsidiary selects site for state of the art steelworks . business wire . 1998 12 22 . retrieved 2010 05 25 . ipsco plans multi million dollar plant . muscatine journal . 2008 04 08 . retrieved 2010 05 25 . amy jeff 2008 10 22 . ssab steel mill in axis ala. to expand by 460m . press register . retrieved 2010 06 29 . sweden s ssab wants to sell ipsco tube unit . reuters . 2007 05 30 . retrieved 2010 05 25 . ssab successfully completes acquisition of ipsco . thomasnet . 2007 07 17 . retrieved 2010 05 25 . evraz agrees to buy ssab units for 4.03 billion . allbiz . 2008 03 17 . retrieved 2010 05 25 . russian steel maker evraz grows in north america . usa today . 2008 03 14 . retrieved 2010 05 25 . ssab rolls out new name new leadership for north american operations . steelnews.com . 2008 06 16 . retrieved 2010 05 16 . steelmaker ssab to buy nordic rival rautaruukki for 1.6 billion . reuters . 2014 01 22 . 1 ssab annual report 2014 febr .18 2015 swedbank handelsbanken pwc net sales usa 2013 2014 2.793.358.400 us dollar external links edit official website v t e omx stockholm 30 companies of sweden abb alfa laval assa abloy astrazeneca atlas copco boliden electrolux ericsson getinge hennes & mauritz investor ab kinnevik lundin petroleum modern times group nokia nordea sandvik sca seb securitas skanska skf ssab svenska handelsbanken swedbank swedish match tele2 teliasonera volvo retrieved from https en.wikipedia.org w index.php title ssab & oldid 743107805 categories companies established in 1978steel companies of swedencompanies listed on the helsinki stock exchangeswedish brandsironworks in sweden1978 establishments in swedencompanies based in stockholmcompanies listed on the stockholm stock exchange navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages danskdeutscheestiespa ol fran aisnorsk bokm lportugu s suomisvenska edit links this page was last modified on 7 october 2016 at 21 33 . text is available under the creative commons attribution sharealike license ; 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