SSAB invests $74 Million to expand steel production in Alabama
(Posted on 07/05/25)
Highly-specialised global steel company, SSAB has announced a significant investment of approximately $74 million USD to expand its heat treat capacity at the SSAB Alabama facility, located in Axis, Alabama. The new facility will substantially enhance SSAB’s ability to serve its customers in the U.S. market with premium steel products.
“This expansion will bolster our capacity to produce high-strength steel brands such as Hardox and Strenx and will also increase SSAB Alabama’s truck shipping capacity. This investment underscores our dedication to our customers and the industry, and we are excited about the opportunities it will bring to our facility and the community,” said Andy Bramstedt, General Manager of SSAB Alabama.
The project will encompass the construction of a new building equipped with a state-of-the-art tempering furnace, and improvements to the infrastructure.
“We have been working on this investment for a long time, and it is very gratifying to see it come to fruition. This investment will not only expand our capacity for niche products, which are in high demand, but also enable us to offer a broader product range from our Alabama facility. This will enhance our offerings to customers primarily in North and South America,” said Kjell Baeckman, Head of Sales Special Steels, SSAB.
In addition to the capital investment, SSAB Alabama anticipates the creation of 12 new jobs, further contributing to the local economy.
“SSAB’s investment represents a major advancement for our region’s industrial capabilities. By expanding production of high-strength, specialized steel, SSAB is reinforcing Mobile County’s role in driving innovation and supplying critical materials to key sectors across North and South America,” said Mobile Chamber President and CEO Bradley Byrne. “We are proud to see global leaders like SSAB continuing to choose Mobile for their growth and innovation.”
This strategic initiative is set to commence in 2025 and is expected to be completed in 2027.
Latest News
Dynamic Mining shipping arm and GeoServe’s one-year milestone
(Posted on 15/07/25)A strategic collaboration between Icon Gulf Trading DMCC (part of the Dynamic Group) and GeoServe Energy... Read more
SSAB and Metal Solutions start partnership in fossil-free steel
(Posted on 15/07/25)SSAB and Metal Solutions have entered a long-term partnership for the supply of decarbonized steel with... Read more
NGFA thanks lawmakers for including industry priorities in ‘One Big Beautiful Bill’
(Posted on 08/07/25)The National Grain and Feed Association (NGFA) in the USA has applauded Congress for including a slate... Read more
Fertilizers Europe: Commission announcement on CBAM falls short
(Posted on 08/07/25)Fertilizers Europe’s have released their reaction to the European Commission announcement on the... Read more
Bunge completes sale of its North America corn milling business
(Posted on 02/07/25)Bunge Global SA has confirmed that it has completed the previously announced sale of its North America... Read more
SSAB secures additional EUR 430 million green financing for Luleå
(Posted on 02/07/25)Following the successful debt raising at the end of April 2025, SSAB has secured an additional EUR 430... Read more
Soaring demand opens up investment opportunities across West Africa
(Posted on 25/06/25)Despite China’s dominant position in securing commodities across Africa, there are still many... Read more
Rio Tinto and Hancock Prospecting invest $1.6 billion in Pilbara iron ore project
(Posted on 25/06/25)Rio Tinto and Hancock Prospecting will invest $1.61 billion (Rio Tinto share $0.8 billion) to develop... Read more
SSAB postpones commissioning of new steel mill in Luleå by 12 months
(Posted on 20/06/25)SSAB has commenced preparatory work to build a new, state-of-the-art steel mill in Luleå, Sweden... Read more
Anglo American streamlines leadership team to reflect portfolio progress
(Posted on 20/06/25)Anglo American plc has streamlined its executive leadership team to reflect substantial progress with... Read more
