News and Press Releases

Ovako, with a 500-year steelmaking legacy, boldly steps into the future. At Elmia Subcontractor on November 14-16, 2023, we unveil a change—a fresh twist and modernization of our logo. This reflects our ongoing dedication to excellence and adaptability.

Ovako Imatra's bloom furnace burners were upgraded during the summer maintenance shutdown in 2023, with an investment value of approximately 3 million euros. The main contractor for the project was the Swedish company Linde. The goal of the investment is to reduce the use of fossil natural gas, improve energy efficiency in this production phase, and reduce associated emissions.

The application period for the apprenticeship training is ongoing, and ends on October 22, 2023. The training program offers 20 starting positions, with 15 placements in production tasks and 5 in mechanical maintenance. The studies will commence on January 15, 2024. The aim of the training is to prepare for future recruitment needs.

Ovako announces a major investment in a cutting-edge vacuum tank degassing facility at its Hofors mill. This 17-million Euro commitment is a testament to Ovako's dedication to advance our metallurgy, and displays the significant commitment our owners, Sanyo Special Steel and Nippon Steel Corporation have to continue to further develop our metallurgies and reduce CO2 emissions at the same time.

Yesterday, the leading European manufacturer of steel and one of the largest steel recyclers in the Nordic countries inaugurated the world's first fossil-free hydrogen plant for heating steel before rolling. With the new facility in Hofors, a new chapter begins in Swedish steel history with significant potential for global emissions reduction.

Ovako, the leading European manufacturer of steel and one of the largest steel recyclers in the Nordic countries, is inaugurating the hydrogen plant at its Hofors mill. The inauguration marks a significant milestone in the effort towards a more sustainable steel industry, with the potential for substantial reductions in global emissions, including other heavy industries. The Swedish Prime Minister Ulf Kristersson will inaugurate the facility on-site on September 5th 2023.

Ovako has today published the Sustainability report for Financial Year 2022. The report shows that Ovako continues to lead the way and invites partners to take joint action for a sustainable society.

Swedish steel production is taking a significant step towards sustainability with the date now set for the inauguration of the world's first plant to produce fossil-free hydrogen for heating steel before rolling. On September 5th 2023, Ovako, the leading European manufacturer of steel and one of the largest steel recyclers in the Nordic countries, will inaugurate the hydrogen plant at its Hofors mill. It will also be Sweden's largest electrolysis facility.