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31-457: SSAB AB , earlier S venskt S tål AB (English: Swedish Steel) ( Nasdaq Stockholm :  SSAB A ) is a Swedish company, formed in 1978, that specialises in producing steel . The largest shareholders are LKAB and the Government of Finland . The headquarters are in central Stockholm. SSAB initially saw losses during the years 1978 to 1981, and became profitable in 1982. It is involved in

62-723: A 20% stake and 5 percent of votes in NASDAQ, as well as NASDAQ's then-28% stake in the London Stock Exchange . In a complex transaction, Borse Dubai acquired 97.2% of OMX's outstanding shares before selling them to NASDAQ. The newly merged company was renamed the NASDAQ OMX Group upon completion of the deal on 27 February 2008. The following exchanges, with official market names in parentheses, are operated by Nasdaq Nordic: The company's stock market activities are made up of three entities: OAO TMK TMK

93-606: A service joint venture with EMDAD in Abu Dhabi , the United Arab Emirates . In 2013 TMK acquired pipe services and precision manufacturing assets incorporated into OFSi company (Houston, USA). In 2020, TMK closed sale of 100% of Ipsco Tubulars Inc. shares to Tenaris. In 2021, TMK announced the transaction for acquisition of 86.54% of shares in PJSC "ChelPipe" from controlling shareholder Andrey Komarov. In 2021,

124-505: Is a higher rate of decline than over the period since 4Q'14 (−1.1% CAGR). Nasdaq Nordic Nasdaq Nordic is the common name for the subsidiaries of Nasdaq, Inc. that provide financial services and operate marketplaces for securities in the Nordic and Baltic regions of Europe . Historically, the operations were known by the company name OMX AB ( Aktiebolaget Optionsmäklarna /Helsinki Stock E x change), created in 2003 with

155-1055: Is not a major shareholder in the Oslo Stock Exchange holding company, which following a merger is currently called Oslo Børs VPS Holding ASA . Nasdaq has, however, publicly stated its interest in eventually acquiring the Oslo Stock Exchange. In November 2007, OMX acquired the Armenian Stock Exchange and the Central Depository of Armenia . In December 2005, OMX started First North , an alternative exchange for smaller companies, in Denmark . The First North exchange expanded to Stockholm in June 2006, Iceland in January 2007 and Helsinki in April 2007. The Markets Technology division of Computershare

186-544: Is sent from one location to the other via train. The division also has a coil coating line, lamination line, and special steels production. SSAB Special Steels in Oxelösund is the only steelworks in Sweden to have its entire vertical production base in one place, from raw material handling to its rolling plates. Ninety percent of its production is exported, with its chief export partner being Germany. SSAB produces nearly all of

217-516: Is supported by its extensive international distribution network. Sales are made through TMK Trade House and a number of other distributors. TMK supplies products to more than 80 countries around the world. In addition to direct sales, the company's products are distributed by more than 70 official dealers in Russia and the CIS. TMK Russian Division TMK European Division Russian Research Institute for

248-724: The Copenhagen Stock Exchange in January 2005 for €164 million. On 19 September 2006, Iceland Stock Exchange owner Eignarhaldsfelagid Verdbrefathing (EV) announced it would be acquired by OMX in a deal valuing the company at 250 million SEK . The transaction was completed by the end of the year. The company took a 10% stake in Oslo Børs Holding ASA, the owner of the Oslo Stock Exchange in October 2006. As of September 2016, Nasdaq

279-741: The European Union , as part of the Capital Markets Union proposed by the European Commission . OM AB ( O ptions m äklarna ) was a futures exchange founded by Olof Stenhammar in the 1980s to introduce trading in standardized option contracts in Sweden . OM acquired the Stockholm Stock Exchange in 1998 and unsuccessfully attempted acquisition of the London Stock Exchange in 2001. During

310-509: The Gulf coast . On 21 October 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. 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. On 17 July 2008, SSAB announced the completion of

341-813: The OTCQX International Premier trading platform in the US. In 2011 TMK representative office in Uzbekistan was opened. In 2012 the new Research & Development Center in Houston ( Texas , United States) was commissioned and the Trade House TMK subsidiary in Orsk (Orenburg region) was opened. TMK acquired 55% of Gulf International Pipe Industry L.L.C. (GIPI) located in Oman and established

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372-496: The dot-com bubble in the early 2000s, OM, together with investment bank Morgan Stanley Dean Witter , launched a virtual European stock exchange called Jiway. The project was not successful and was cancelled on 14 October 2002. On 3 September 2003, the Helsinki Stock Exchange (HEX) merged with OM and the joint company became OM HEX . On 31 August 2004, the company name was changed to OMX. OMX then acquired

403-408: The merger between OM AB and HEX plc . In 2015, the legal entity OMX AB was renamed Nasdaq AB , but it also operates under the name Nasdaq OMX AB . The operations have been part of Nasdaq, Inc. (formerly known as Nasdaq OMX Group ) since February 2008. On 23 August 2023, the company formed EuroCTP as a joint venture with 13 other bourses, in an effort to provide a consolidated tape for

434-689: The Russian Research Institute for the Tube and Pipe Industries (RosNITI), Russia's largest pipe industry research institute. TMK-CPW, a joint venture between TMK and Corinth Pipeworks, and ТМК-Premium Service were established. TMK's shares began trading on the MICEX Stock Exchange. Additionally, ТМК opened representative offices in Turkmenistan and Singapore . 2008 was marked by the acquisition of US pipe assets and

465-710: The Swedish government. In November 2017 the company has a market cap of $ 35.55 billion, and is traded on the Stockholm NASDAQ exchange. The company is also the sponsor of the SSAB's Swedish Steel Prize. SSAB's operations which include the SSAB Special Steels, SSAB Europe, and SSAB Americas, and its subsidiaries Ruukki Construction and Tibnor. SSAB's offering includes such brands as SSAB Domex, Hardox, Docol, GreenCoat, Armox and Toolox. In 2021, SSAB produced

496-657: The Tube and Pipe Industries (RosNITI) in Chelyabinsk (Russia) was established in 2007. Russia-based entities provide support to orphanages, educational and medical institutions and finance sport teams. In the Urals Federal District accommodating two TMK entities, charity programmes are run through the corporate charitable foundation Sinara, a professional operator. This facilitates partnership with civic institutions through grant competitions. To promote sports, TMK sponsors: TMK European Division acted as

527-849: The United States and 30% in Canada. After the sale, SSAB changed the name of its North American operation to SSAB North American Division (NAD), then later to SSAB Americas; 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

558-470: The chemical and petrochemical industries, energy and machine-building, construction and municipal housing, shipbuilding, aviation and aerospace, and agriculture. TMK pipes are manufactured from carbon, stainless, and heat and cold-resistant steels, nickel alloys. TMK delivers its products along with an extensive package of services in heat treating, protective coating, premium connections threading, warehousing and pipe repairing. TMK's global market presence

589-488: 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 , with mill stand housings believed to be the largest one-piece cast mill housings in the world at 350 tons each, 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

620-568: The company's revenue in Russia amounted to 322 billion rubles. In the summer of 2023, the Cypriot company TMK Steel Holding Ltd, which owns a 90% stake in TMK, redominated to Russia. The new International Company LLC TMK received registration on Russky Island in the Primorsky Krai . In the first half of 2024, TMK showed a record loss of 1.8 billion rubles (about 200 million dollars) - for

651-541: The creation of the American division - TMK IPSCO. The company also established TMK Oilfield Services and acquired TMK-Kaztrubprom (Kazakhstan). In 2009 the TMK European Division was created. It includes TMK Europe, TMK Italia, TMK-Artrom, TMK-Resita. In 2010 TMK-INOX became a joint venture between TMK and RUSNANO, it coordinates production and sales of precision stainless pipes. TMK ADRs began trading on

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682-557: The deal. John Tulloch succeeded the retiring David Sutherland as IPSCO president and became an executive vice president of SSAB. 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 . IPSCO had 4300 employees, with 70% of its operation in

713-688: The first steel manufactured without the use of fossil fuels. Created with a process using hydrogen instead of traditional methods that require the coking process, the first fossil-free steel was delivered to Volvo on a trial basis. The production is located at Luleå , Borlänge , Oxelösund and Finspång . SSAB is the largest steel sheet manufacturer in Scandinavia, with its blast furnace, coking plant, and steelworks located in Luleå and its rolling mills and coating plants in Borlänge—the initial product

744-461: The first time since 2021. The company explains this by a sharp rise in scrap metal prices and an increase in the cost of loans. Dmitry Pumpyansky – chairman of the Board of Directors until March, 9th, of 2022. Administrative control of the group is currently headed by its management and CEO, Igor Korytko. TMK plants produce almost the entire range of existing pipes used in the oil-and-gas sector,

775-499: The list. OMX also launched a pan-regional benchmark index known as the OMX Nordic 40 on the same date; however, the individual exchanges also retained their own national benchmark indices. On 25 May 2007, NASDAQ agreed to buy OMX for US$ 3.7 billion. In August, however, Borse Dubai offered US$ 4 billion, prompting speculation of a bidding war . On 20 September 2007, Borse Dubai agreed to stop competing to buy OMX in return for

806-437: The production of steel and steel products, both standardized and specialized for various fields and uses. In addition to steel production, the company also partners with design firms during their execution of architectural projects. Its R&D department works with customers in order to provide custom solutions for new projects. In 2014 SSAB became a member of the four year pilot program organization “Steel Eco-System” sponsored by

837-714: The steel plates created in Sweden. The company also has operations in China. 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; the company would later be purchased by SSAB, and is the origin of SSAB's operations in the region. All SSAB operations in North America are now operated as SSAB Americas. As of 2000, IPSCO had used mini mills to produce flat-rolled steel for 40 years. Late in 2001,

868-605: The vice president in charge of the American steel operations. In 2018 the SSAB Americas division relocated its headquarters to Mobile, Alabama. On 22 January 2014, it was announced that SSAB was to purchase Finnish steel manufacturer Rautaruukki for €1.1 bn. The headquarters for SSAB Europe are located in Hämeenlinna, Finland. SSAB's major brands include: SSAB reported Total CO2e emissions (Direct + Indirect) for 31 December 2020 at 9,989 Kt (−766 /-7.1% y-o-y). This

899-514: Was acquired in 2006. The acquisition greatly expanded its product offerings and made its client list the largest of all trading system technology providers. On 2 October 2006, the group launched a virtual Nordic Stock Exchange after merging the individual lists of shares traded at its three wholly owned Nordic exchanges into a combined Nordic List. Companies listed on the Iceland Stock Exchange have also since been merged into

930-543: Was established in 2001. In 2002 TMK incorporated Volzhsky Pipe Plant, Seversky Pipe Plant and Sinarsky Pipe Plant. A Trade House TMK representative office was opened in Baku ( Azerbaijan ). In 2003 a new TMK subsidiary, TMK-Kazakhstan, was established. In 2004 TMK incorporated Taganrog Metallurgical Works. In 2005 TMK established and incorporated TMK Global, a representative office was opened in Beijing (China). CJSC TMK

961-561: Was reorganized into an Open Joint Stock Company. TMK incorporated the Romanian mills TMK-Artrom and TMK-Resita, and the Russian Orsky Machine Building Plant. The TMK Middle East trading subsidiary was created the same year. In 2020, TMK announced delisting of its GDRs from LSE . In 2007 TMK acquired oilfield service companies including Truboplast, TMK NGS-Nizhnevartovsk, and TMK NGS-Buzuluk, as well as

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