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

Hybar lowers output forecast, owning up to EAF startup delay
Hybar LLC’s rebar mill in Osceola, Ark., is now melting scrap and will soon be fulfilling orders, according to CEO David Stickler, despite a six-to-eight-week delay caused by commissioning the world’s first Aura electrical system.

Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.

AHMSA opens doors to potential buyers as $1.3B asset auction nears
AHMSA is opening its doors to potential buyers to tour its steel plant and mining operations in northern Mexico in preparation for the next stage of its bankruptcy process: the auction of its assets.

USW seeks clarity on USS plans for Granite City Works
The United Steelworkers union has asked U.S. Steel to elaborate on its Granite City Works plans following reports that the steelmaker is ending processing at the facility.

Nucor maintains plate prices, opens October order book
Nucor aims to keep plate prices flat for a seventh straight month with the opening of its October order book.