Start your summer with five stories that shaped Ovako’s journey
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Summer reading: Celebrating five years of Strength of Steel


This June marks a special milestone as we celebrate five years of Strength of Steel. What began as a way to share insights from across Ovako has grown into a trusted monthly snapshot of innovation, progress, and cultural shifts within the steel industry.


We want to thank all our readers for staying with us on this journey. Your interest and feedback have shaped each issue and helped us strengthen our commitment to transparency and technical excellence. For this summer reading edition, we’re revisiting some of the standout stories from the past five years that show what Strength of Steel is all about.



December 2020: Our steel mills and the VTD investment


For over a century, Ovako has made clean steel a priority, particularly in bearing steel, where improved cleanness extends the service life of components. Across three mills, we developed routes tailored to deliver "fit-for-purpose" metallurgy with this in mind.

  • At Hofors, IQ-Steel achieved levels of cleanness typically only seen in remelted steel, thanks to advanced ladle metallurgy, ingot casting, and strategic cropping to remove defects.
  • Imatra relied on continuous casting of large blooms offering sound internal quality, ideal for cost-effective production of demanding bearing steels.

  • Smedjebacken, also equipped with ladle metallurgy, focused on billet casting and highlighted Ovako’s latest investment: a Vacuum Tank Degasser (VTD), which effectively removes gases like hydrogen to enhance steel quality. ¨


February 2021: What makes Hybrid Steel so strong?


Ovako developed Hybrid Steel to excel in high-stress, high-temperature environments: components like engine parts, bearings, and specialty tools. Its fully martensitic structure delivers up to three times the yield and tensile strength of conventional steels at temperatures reaching 500°C.


By balancing carbon in solid solution with finely dispersed carbide and intermetallic particles, measured in billions per cubic millimeter, we engineered dislocation-resistant microstructures that strengthened the steel from within. Atom probe tomography revealed how nanometer-scale features contributed to performance well above standard grades. Over time, Hybrid Steel has become the showstopper for Ovako’s commitment to next-generation materials.

March 2022: The fundamental things apply


Ovako launched a new knowledge-sharing series called “Fundamentals of…”, aimed at providing practical, well-structured guidance on key topics relevant to those who manufacture steel components. Drawing on both long-standing experience and new research, the series began with in-depth guides on Heat Treatment of Steel and Welding Steel.


These complemented the tools already available in Ovako’s Steel Navigator, such as the Heat Treatment Guide, M-Steel Calculator, Piston Rod Predictor, and modularized Material Data Sheets. The “Fundamentals of…” series clarified complex yet essential metallurgical processes and offered real-world recommendations, reinforcing our mission to support customers with superior understanding — not just superior material.


September 2023: Official opening of Hofors hydrogen plant


On September 5, 2023, we inaugurated our hydrogen plant in Hofors, welcoming Prime Minister Ulf Kristersson, company CEO Marcus Hedblom, and international partners from Japan and across the steel and energy industries.


The plant became the first in the world to use electrolysis-produced hydrogen for heating steel before rolling, and also became Sweden’s largest electrolysis facility, rated at 20 MW and producing 3,880 m³ of hydrogen per hour. As a result, emissions from rolling operations were reduced to nearly zero.


Supported by the Swedish Energy Agency’s Industrial Leap program and the European Union, this investment became a defining step in our to transition to fossil-free steelmaking.


October 2024: What is greenwashing? Five key questions


In October 2024, we outlined five key questions customers should ask their steel suppliers to ensure true climate performance and root out greenwashing. The questions are:

  • What steps are you taking to reduce the burning of fossil fuels?
  • Are you using fossil-free electricity?
  • How do you power your heat treatment processes?
  • Have you optimized your use of recycled content?
  • Do you consider all three Scopes in your carbon footprint calculations?

If your supplier can’t answer these with confidence or dodges them altogether — then you may be better off elsewhere!


Here’s to the next five years!


20 years together, 500 years in the making


In 2025, Ovako celebrates 20 years as a unified group – marking the anniversary of the merger in 2005 between Fundia, Imatra Steel, and Ovako Steel.

Explore the history


Ovako Appoints Larisa Gyllenrapp as EVP Global Sales


Larisa brings over two decades of global leadership experience in industrial companies, with a strong track record in strategic sales, market expansion, and organizational development.



Find out more

 

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