International Steel Mills

SSAB taps Sjöström as new president, CEO
Written by Ethan Bernard
August 29, 2024
SSAB has appointed Johnny Sjöström as president and CEO of the Swedish steelmaker.
Sjöström will start his new position on Oct. 28, succeeding Martin Lindqvist.
Lindqvist had previously announced he is leaving the company for a board career. He will remain in his current position until Oct. 27.
Sjöström has been head of SSAB Special Steels since 2019. He worked to develop and grow the company’s business for special steels and oversaw the “green transformation” of SSAB’s steelworks in Oxelösund, Sweden.
“During the past years, I have worked closely with Martin Lindqvist, and I look forward to continuing to deliver on the company’s long-term strategy together with all our skilled employees,” Sjöström said in a statement on Thursday.
Sjöström has also spoken at SMU Steel Summit and appeared on an SMU Community Chat in March 2022.

Ethan Bernard
Read more from Ethan BernardLatest in International Steel Mills

CRU: Bids made for Ilva assets
The Italian government has received 10 offers for the former Ilva integrated steel works at Taranto, but only two bidders are interested in purchasing all of the company’s assets.

Global steel production declined through August
August marked the second-lowest monthly production rate this year, down 13% from the two-year high of 166.6 million mt in March.

Algoma Steel assesses viability of US sales in wake of 50% S232 tariffs
Canadian flat-rolled steelmaker Algoma Steel is reconsidering its presence in the US market after the doubling of US Section 232 tariffs on imported steel to 50%, a company spokeswoman said.

Nippon plans to double steel output at USS operations: Report
Now that it has acquired U.S. Steel, Nippon Steel is planning a significant expansion of its US operations, including the construction of a new mill and more than doubling its steel output.

Global steel mill output steady through May
Global raw steel production rose 2% from April to May, slightly above average production levels seen in recent months, according to data recently released by the World Steel Association (worldsteel).