News and Press Releases

We have realigned our strategy, purpose, and core values, all encapsulated in the Ovako Way Statement.

Ovako is set to further its commitment to innovation and efficiency with a new investment of € 9 million (approximately 100 million SEK) in the Smedjebacken steel mill.

Ovako has published its Sustainability Report for the Financial Year 2023, demonstrating its continued leadership in sustainability, and inviting partners to join in collaborative efforts towards a sustainable society.

Today Eleiko, a leader in premium weightlifting equipment, together with Ovako, a prominent steel manufacturer known for its high-quality clean steel, are excited to announce the strengthening of their historic partnership, which dates back to 1957. This collaboration is set to promote revolutionary low carbon footprint solutions in steel production and products.

With the investment, Ovako modernizes the heavy bar mill of the Imatra site. This marks the largest investment in the Imatra mill in 30 years. As a result, the mill's production capacity will increase by 16,000 tons per year.

Ovako and FNsteel has signed a major partnership, starting in 2025, to enhance Europe's wire rod production with a focus on reducing carbon intensity, leveraging Ovako's advanced manufacturing at the Smedjebacken mill.

Ovako and Tibnor announces a strategic partnership to promote low carbon footprint solutions in steel production and products.

In January, Ovako is bringing a new power chord to the recruitment landscape. Ovako - a worldwide leader in steel, whose goal is to decarbonize society for generations to come seeks pioneers in areas such as metallurgy and material sciences who defy conventional norms. Step into the world of "Green Metal Heads," an innovative era in the steel industry marked by a rebellious spirit. Join the Green Metal Heads World Tour 2024 and get your hands on our iconic Ovako merchandise. Beyond being a recruitment initiative, this is a chance to redefine the future of steel by infusing it with a combination of attitude and innovation.