SSAB Investing $100M In Alabama Steel Mill

SourceBusiness Facilities
Date Published10/31/2018
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name SSAB
Parent companySSAB Americas
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):50
Year reshoring announced:2018
Year reshoring implemented or to be implemented:2020
Capital investment ($):100
Country(ies) from which reshored:Sweden
City reshored to:Axis
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredsteel
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Higher productivity, Raw Materials Cost, Skilled workforce availability/training
Government Incentive dollar amount:3.75
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