SSAB AM
Produces high-strength steel powders (Hardox, Strenx) for metal additive manufacturing, enabling lightweight, wear-resistant structural components for heavy industry.
- Team Size
- 10000+
- Stage
- Active
- Key Investors
- SSAB AB (parent company, listed on Nasdaq Stockholm/Helsinki)
Technology & Products
Key Products
High-strength steel powders (Hardox, Strenx), Docol, GreenCoat, Toolox, Armox, SSAB Boron.
Technological Advantage
Proprietary steel formulations provide a defensible advantage in material performance for heavy-duty applications; verified through the HYBRIT pilot and industrial use of parent company grades.
Differentiation
Value Proposition
Provides AM-optimized versions of industry-standard high-strength steels, allowing heavy machinery manufacturers to 3D print complex, durable parts that reduce equipment weight and extend service life in extreme environments.
How They Differentiate
Leverages proprietary high-strength steel brands (Hardox, Strenx) to provide AM powders with superior wear resistance and structural integrity compared to standard industrial alloys like 316L.
Market & Competition
Target Customers
Heavy equipment manufacturers in mining, construction, and forestry sectors.
Industry Verticals
Mining; Construction; Forestry; Automotive; Heavy Industry
Competitors
ArcelorMittal, Nucor Corporation, Cleveland-Cliffs, Nippon Steel Corp.
Growth & Milestones
Growth Metrics
Crude steel capacity 1.5M tonnes/year; 14,000+ employees globally; launched SSAB Zero in 2023.
Major Milestones
1978: Formation of SSAB; 1989: IPO on Stockholm Stock Exchange; 2007: Acquisition of IPSCO for $7.7B; 2014: Merger with Rautaruukki; 2016: Launch of HYBRIT initiative; 2020: Initiation of HYBRIT AM pilot in Luleå; 2021: First fossil-free steel delivery to Volvo; 2023: Launch of SSAB Zero recycled steel
Notable Customers
Customers are primarily in heavy industry, with many enthusiastic about Hardox and Strenx brands, especially end-users.