Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. SSAB AB
  6. News
  7. Summary
    SSAB A   SE0000171100

SSAB AB

(SSAB A)
  Report
Delayed Nasdaq Stockholm  -  11:29:44 2023-02-08 am EST
72.96 SEK   +0.44%
02/05Key Finnish industries resolve wage disputes
RE
01/30Changes in SSAB's Group Executive Committee
AQ
01/30SSAB AB Announces Resignation of Jonas Bergstrand as General Counsel
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Epiroc presents world's first underground mine truck made using fossil-free steel from SSAB

12/01/2022 | 03:01am EST

Epiroc is pioneering a battery-electric underground mine truck prototype made using fossil-free steel from SSAB. The prototype, a Minetruck MT42 Battery, has a dump box made from fossil-free steel. The result will mean a 10-tonne reduction in CO2 emissions per manufactured dump box, the equivalent of taking five gasoline cars off the road for an entire year.

"The development of new technologies is essential to enable the transition to a low-carbon economy," says Johnny Sjöström, head of SSAB Special Steels. "Our fossil-free steel immediately reduces the carbon footprint to near zero without compromising the high quality and properties you would expect from SSAB steels. It is the same steel, just without the negative environmental impact."

The partnership will help Epiroc accelerate its journey to create a more sustainable future, deliver the world's greenest machines, and support its customers. "Our innovation agenda goes hand in hand with our customers' sustainability agenda," says Sami Niiranen, President of Epiroc's Underground division. "In the shift to a new, low-carbon economy, our products and services will be a key contributor for our customers to meet their climate goals."

The Minetruck MT42 Battery is a breakthrough in Epiroc's sustainable innovation. It is a significant step in the company's ambition to produce cutting-edge, environmentally smart mining equipment. It is emissions-free in operation, generating a strong positive impact on the climate as well as on operators' work environment and productivity.

"We all play a part in creating a more sustainable future", says Camilla Goldbeck-Löwe, Vice President Corporate Responsibility at Epiroc. "Our partnership with SSAB has enabled us to present the world's first underground mine truck made using fossil-free steel."

Watch the video about the battery-electric Minetruck MT42, the world's first underground mine truck made using fossil-free steel.

Read more about SSAB and the HYBRIT technology here: https://www.ssab.com/fossil-free-steel/hybrit-a-new-revolutionary-steelmaking-technology

 

For further information, please contact:
Hanna Hoikkala, press officer SSAB
+46736551117, hanna.hoikkala@ssab.com

 

SSAB is a Nordic and US-based steel company. SSAB offers value added products and services developed in close cooperation with its customers to create a stronger, lighter and more sustainable world. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finland and the US. SSAB is listed on Nasdaq Stockholm and has a secondary listing on Nasdaq Helsinki. www.ssab.com.
Join us also on social media: Facebook, Instagram, LinkedIn, Twitter and YouTube

https://news.cision.com/ssab/r/epiroc-presents-world-s-first-underground-mine-truck-made-using-fossil-free-steel-from-ssab,c3675954

https://mb.cision.com/Main/980/3675954/1709240.pdf

https://news.cision.com/ssab/i/epiroc-still1,c3119723

(c) 2022 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
EPIROC AB (PUBL) -1.20% 206.1 Delayed Quote.9.88%
SSAB AB 0.44% 72.96 Delayed Quote.27.57%
All news about SSAB AB
02/05Key Finnish industries resolve wage disputes
RE
01/30Changes in SSAB's Group Executive Committee
AQ
01/30SSAB AB Announces Resignation of Jonas Bergstrand as General Counsel
CI
01/27European Midday Briefing: Stock Gains Capped -2-
DJ
01/27Several Finnish unions plan strikes in February over wage disputes
RE
01/27European shares muted ahead of cenbank meetings; LVMH, H&M slide
RE
01/27Transcript : SSAB AB, 2022 Earnings Call, Jan 27, 2023
CI
01/27Steel Group SSAB Predicts Stable Quarterly Input Prices in Q1
MT
01/27SSAB AB Reports Earnings Results for the Full Year Ended December 31, 2022
CI
01/27SSAB AB Reports Earnings Results for the Fourth Quarter Ended December 31, 2022
CI
More news
Analyst Recommendations on SSAB AB
More recommendations
Financials
Sales 2022 127 B 11 964 M 11 964 M
Net income 2022 22 531 M 2 126 M 2 126 M
Net cash 2022 12 030 M 1 135 M 1 135 M
P/E ratio 2022 3,32x
Yield 2022 10,6%
Capitalization 72 234 M 6 816 M 6 816 M
EV / Sales 2022 0,47x
EV / Sales 2023 0,54x
Nbr of Employees 14 492
Free-Float 81,1%
Chart SSAB AB
Duration : Period :
SSAB AB Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SSAB AB
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 72,96 SEK
Average target price 72,31 SEK
Spread / Average Target -0,89%
EPS Revisions
Managers and Directors
Erik Martin Lindqvist President, Chief Executive Officer & Director
Leena Craelius Chief Financial Officer & Executive Vice President
John Lennart Kaleb Evrell Chairman
Martin Pei Chief Technology Officer & Executive VP
Eva Petursson Executive VP, Head-Research & Innovation
Sector and Competitors
1st jan.Capi. (M$)
SSAB AB27.57%6 780
NUCOR CORPORATION28.87%42 297
ARCELORMITTAL11.80%23 978
STEEL DYNAMICS, INC,26.10%21 630
NIPPON STEEL CORPORATION16.49%18 719
POSCO HOLDINGS INC.7.78%17 951