en.Wedoany.com Reported - Swedish steel manufacturer SSAB will invest SEK 3.3 billion (approximately EUR 301 million) to add a new quenching line at its plant in Oxelösund, a coastal city south of Stockholm. The investment aims to increase the production capacity of SSAB's "Special Steels" division to meet the demand for advanced steel.

SSAB's special steel plant in Oxelösund produces a variety of high-strength steel products, including models such as Hardox 500Tuf and Armox. These steels are widely used in the manufacturing of cranes and aerial work platforms. In addition, SSAB also produces a fossil-free steel, which is used by companies like Fassi and Manitou. The new quenching line will directly serve the capacity expansion of the existing product lines within SSAB's Special Steels division.

Per Elfgren, Head of SSAB Special Steels, stated: "Demand for advanced steels, including wear-resistant steels, is growing. This new quenching line will initially add approximately 100,000 tonnes of capacity, enabling us to meet the most advanced customer needs." SSAB plans to further strengthen its production capacity in the special steel sector through this investment, and the construction of the new quenching line will proceed as scheduled.

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