Steel Mills

SSAB CEO to step down, search for new leader begins
Written by Laura Miller
April 8, 2024
Martin Lindqvist will be stepping down as president and CEO of Swedish steelmaker SSAB.
The company has begun the recruitment process to find a replacement. Lindqvist agreed to stay on as leader until a successor has been named.
Lindqvist, who has been with SSAB for 26 years, has served as the company’s president and CEO since 2011.
During his tenure, SSAB acquired Finland’s Rautaruukki and began producing fossil-free steel using Hybrit technology.
“During Martin’s time as CEO, SSAB has developed into a publicly traded company with global markets and a strong financial position. He has been fundamental in building the company that SSAB is today and in driving the transformation to fossil-free production,” commented Lennart Evrell, SSAB’s chairman of the board, in a statement.
“I’m very happy to have had the privilege to be part of this incredible journey together with many proud and skilled employees at SSAB,” Lindqvist said. “At some point, you have to step down, and for me, that time has come.”
Lindqvist said he will now focus on board and advisory positions.

Laura Miller
Read more from Laura MillerLatest in Steel Mills

Explosion rocks ArcelorMittal’s DR plant in Mexico
ArcelorMittal reported a "strong" explosion at the direct reduction part of its massive Lazaro Cardenas mill in Mexico.

SDI to acquire remaining stake in New Process Steel
Steel Dynamics Inc. (SDI) announced that it has agreed to acquire the remaining 55% equity interest in New Process Steel.

North Star results improve despite buyer caution as tariffs drive prices higher
North Star BlueScope said it is optimistic that US tariffs will bolster selling prices and tighten the spread the Australia-based steel maker suffered in 2025.

AISI: Domestic steel production edges down
US raw steel production declined last week, according to the latest data released by the American Iron and Steel Institute (AISI).

Cliffs inks longer-term contracts with US automakers hedging tariff inflation: Report
Cleveland-Cliffs Inc. has reportedly signed "unusually long" fixed-price supply agreements with multiple US automakers.