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Iron ore pellets produced by LKAB, from ore mined in northern Sweden. Pellets are a processed form of iron ore utilized in the steel industry, specifically designed for direct application in blast furnaces or direct reduction plants. These pellets are spherical in shape, with diameters ranging from 8 to 18 millimeters.
Congressmember Jerry Carl visiting SSAB in Axis, Alabama, in 2021. 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; [21] [22] the company would later be purchased by SSAB, and is the origin of SSAB's operations in the region.
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This list displays all Swedish companies in the Fortune Global 500, which ranks the world's largest companies by annual revenue. The figures below are given in billions of US dollars and are for the fiscal year 2022. [1] Also listed are the headquarters location, net profit, number of employees worldwide and industry sector of each company.
A leading Swedish steel producer by the early 1870s, when steel began to be used for gun manufacture in Sweden, Bofors initially sold cast and forged steel produced by the Siemens-Martin process to Finspång gun works, but soon started to expand into weapons manufacture. The company's first cannon workshop was opened in 1884
In 1945, Associated Swedish Steel was created together with four other major Swedish steel producers to sell steel to the new markets in South America, Africa, Middle East and Asia. In 1976, Uddeholm bought the whole of ASSAB and since 1 April 2011, it is fully integrated in Uddeholms AB with the exception of ASSAB Pacific Pte Ltd. [ 1 ]