Investments

Investments in the iron and steel production plants are carried out for many different reasons. The investments are costly and the investment cycles are long. Since year 2000, the Swedish steel industry has invested more than SEK 55 billion in its production facilities.

A new ring mill was built at Hofors to meet the demand for large ball bearing rings for wind turbines. This investment amounted to 8 million Euros. The photo shows the opening of the plant in 2013. Photo: Ovako.

Investments in the iron and steel production plants are carried out for many different reasons. Such capital expenditure includes measures to expand production or enhance productivity; to introduce new technology for new and improved products; to improve the external or internal environment e.g. workplace health and safety; to maximise energy efficiency and to increase the use of residual products or to reduce emissions.

During 2018 the Swedish steel industry made investments totalling SEK 2.1 billion (in 2015-year prices). Of this amount, capital expenditure on machinery amounted to SEK 1.86 billion and on buildings and fittings to SEK 0.29 billion.

Investments in the Swedish steel industry
Investments in the Swedish iron and steel industry

Source: Statistics Sweden (SCB)