Co-owners and stakeholders

Jernkontoret’s activity is controlled by co-owners through the Council. The co-ownership is linked to the iron and steel plants themselves. A company which is not a co-owner but which, nevertheless, wishes to make use of Jernkontoret’s services can apply to become a stakeholder. 

Aerial photo of the Ovako plant in Hofors. Photo by Ovako. 

Co-owners

Participation in Jernkontoret may be obtained by the respective iron or steel industry site and is tied directly to each iron mill or pig iron foundry, not to a person or indeed company. This co-ownership, held by a manufacturing site, cannot be reversed but only ceases when operations at the site come to an end and the co-ownership, in this case, is transferred to another iron and steel plant. 

Society of Ironmasters

The Society of Ironmasters (Brukssocieteten) consists of the co-owners and the members of Jernkontoret’s Council. The Annual General Meeting of the Society of Ironmasters corresponds to the Annual Meeting of Shareholders in a joint-stock company.

Formerly, the co-owner was represented by an iron master or works manager but nowadays by a person appointed by the joint-stock company, commonly the chief executive. Membership of the Society of Ironmasters is consequently held by the ownership of the participating steelworks or pig iron foundry.

The Society of Ironmasters appoints Jernkontoret’s Council which thus constitutes the governing board. The Council then decides on the strategy and focus of Jernkontoret’s activities. Elected members of the Council are automatically members of the Society of Ironmasters during the mandate period.
Read more about Jernkontoret's Council 

The Society of Ironmasters’ voting list is based on the iron and steel plants that have paid the annual fee called Jernkontorsdalern. The voting right at the meetings of the Society of Ironmasters is proportional to the forge capacity introduced to Jernkontoret and calculated in centners (one vote for each centner of introduced forging capacity. 1 centner = 42.5 kg). Those plants with unpaid fees during more than three years lose their voting rights but still retain their co-ownership.

Owners of currently operating iron and steel plants (within brackets) which are part owners of Jernkontoret and that pay the annual service fee

Björneborg Steel AB (Björneborg)
Celsa Steel Service AB (Halmstad)
Cogent Surahammars Bruks AB (Surahammar)
Erasteel Kloster AB (Långshyttan, Söderfors)
Fagersta Stainless AB (Fagersta)
Outokumpu Stainless AB (Avesta, Degerfors, Långshyttan, Nyby)
Ovako AB (Forsbacka, Hallstahammar, Hellefors, Hofors, Smedjebacken)
AB Sandvik Materials Technology (Sandviken)
Sandvik Heating Technology AB (Kanthal)
Ruukki Sverige AB (Virsbo)
Scana Steel Booforge AB (Karlskoga)
SSAB AB (Domnarvet, Luleå, Oxelösund)
Suzuki Garphyttan AB (Garphyttan)
Uddeholms AB (Hagfors)
Voestalpine Precision Strip AB (Munkfors)

Stakeholders

There are also companies that, while not being co-owners, are stakeholders in Jernkontoret. These are companies that value the ability to use some or all of Jernkontoret’s range of services.

Only companies and not individuals may be stakeholders. The application to become a stakeholder is addressed to Jernkontoret’s Managing Director.

The more companies there are that subscribe to Jernkontoret’s goals, the more the industry as a whole is favoured. At the same time, Jernkontoret’s voice and influence in industrial policy is strengthened.

Stakeholders in Jernkontoret

Befesa ScanDust AB
Boliden AB
Carpenter Powder Products AB
Hjulsbro Steel AB
Höganäs AB
LKAB
Ramnäs Bruk AB
Vargön Alloys AB 

Service fees

The service fees for co-owners and stakeholders are formulated on the basis of agreement with Jernkontoret’s Chief Executive. The fee depends on the company’s sector affiliation, its size and its level of utilisation of Jernkontoret services. A final decision is then taken by the Council.