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Swiss Steel Group

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uuid003ai3b

Namestring
Swiss Steel Group
Legal namestring
Swiss Steel Holding AG
Company typeenum
Private
Founded yearint
1919
Descriptiontext

Swiss Steel Group, headquartered in Emmenbrücke, Switzerland under parent Swiss Steel Holding AG, is a specialty long steel manufacturer serving industrial customers across automotive, aerospace, energy, toolmaking, medical technology, mechanical engineering, additive manufacturing, agriculture/construction, and oil/gas/mining. It operates 19 production sites in over 25 countries, supported by more than 65 sales and service locations and approximately 7,400 employees worldwide.

The company's core technology is Electric Arc Furnace (EAF) steelmaking used exclusively, which enables a high recycled-scrap feedstock mix (~92%) and a markedly lower carbon footprint versus blast furnace routes. Its product portfolio spans engineering steels (bainitic, bearing, case-hardening, free-cutting, quenched and tempered, nitriding, precipitation-hardening grades), stainless steels (austenitic, duplex, ferritic, martensitic, heat-resistant, non-magnetic, precipitation-hardening, and the proprietary UGIMA®-X high-machining line), and tool steels (hot work, plastic-moulding, cold work, high-speed, Ferro-Titanit, hard alloys), plus certified additive-manufacturing powder and wire. Green Steel sub-brands Climate+ and Green Steel Stainless+ market ~85% lower CO2 footprint products made with renewable electricity and high recycled content, with closed-loop customer scrap-return programs layered on top.

Revenue is generated through direct B2B sales of customized long steel products — quote-based pricing typical of engineered industrial materials — with subsidiaries Finkl Steel, Deutsche Edelstahlwerke, and Ugitech operating as wholly owned production units. Distribution is sales-led via the global direct sales network, providing joint development, production, processing, and just-in-time delivery supported by local commercial contacts with full group resource access.

Short descriptiontext

Swiss Steel Group, headquartered in Emmenbrücke, Switzerland, manufactures customized specialty long steel products — engineering, stainless, and tool steels plus additive-manufacturing powder and wire — using exclusive electric arc furnace technology. It serves industrial OEMs across automotive, aerospace, energy, toolmaking, medical, mechanical engineering, and related sectors through 19 production sites and 65+ sales/service locations in 25+ countries.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersLucerne, Switzerland
HQ citystring
Lucerne
HQ countrystring
Switzerland
HQ regionstring
Europe
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
special steel manufacturing, engineering steel products, stainless steel long products, tool steel solutions, additive manufacturing materials
Industry3 codes
1Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA)
CodeIMAKABAJPrimaryYes
2Electric Arc Furnace (EAF) Steelmaking (Incl. DRI/HBI-Based)
CodeIMAKABABPrimaryNo
3Long Products Manufacturing (Rebar, Wire Rod, Merchant Bar, Sections/Beams)
CodeIMAKABAHPrimaryNo
NAICS code1 code
  • Iron and Steel Mills and Ferroalloy Manufacturing331110
SIC code1 code
  • Steel Works, Blast Furnaces & Rolling & Finishing Mills3310
Product category
Specialty Steel Long Products Manufacturing
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Special Steel Long Products Sales
TypeOne Time License
Description

Sale of customized special long steel products including engineering steel, stainless steel, tool steel, and additive manufacturing materials. Products range from 0.013mm drawn wire to 1,100mm forged bar diameter.

swisssteel-group.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 3 records shown
1Climate+
Description

Green Steel product line made with renewable energy and high recycled content

swisssteel-group.com
+2 more records
Core offering1 text field

Swiss Steel Group manufactures and supplies customized special long steel products — engineering steels, stainless steels, tool steels, and additive manufacturing powder and wire — for industrial customers across automotive, aerospace, energy, construction, toolmaking, medical technology, mechanical engineering, and oil, gas and mining. Production uses exclusively Electric Arc Furnace (EAF) technology, enabling high recycled scrap content and lower-CO2 Green Steel product lines (Climate+ and Green Steel Stainless+) with ~85% lower CO2 footprint. The product range spans from 0.013 mm drawn wire to 1,100 mm forged bar diameter.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • ~85% lower CO2 footprint
+3 more records
Product overview1 text field

Swiss Steel Group operates as a steel manufacturer with a diversified portfolio of special long steel products. The company offers three core product categories: engineering steels (including bainitic, bearing, case-hardening, free-cutting, quenched and tempered, high-strength special, nitriding, and precipitation-hardening steels), stainless steels (austenitic, duplex, ferritic, martensitic, heat resistant, non-magnetic, and precipitation hardening grades), and tool steels (hot work, cold work, high-speed, and Ferro-Titanit). Additional offerings include additive manufacturing materials (powder and wire) and the UGIMA®-X high machining steel sub-brand. The product range spans from 0.013 mm drawn wire to 1,100 mm forged bar diameter. The company also offers Green Steel product lines (Climate+ and Green Steel Stainless+) featuring approximately 85% lower CO2 footprint, ~83% electricity from low carbon sources, and ~92% recycled scrap as raw material. Swiss Steel Group is one of the largest producers of electrical steel in Europe with 19 production sites, 6 electric arc furnaces, and ~7,400 employees worldwide.

Product and service1 record
1Engineering Steels
Scale indicator10 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Swedish specialty steelmaker with a strong EAF base and a leading 'HYBRIT' green-steel roadmap, competing with Swiss Steel in high-strength structural and wear-resistant specialty grades.

TypeDirect peer
Description

US-based producer of specialty alloys, tool steels, and high-performance materials for aerospace, medical, and energy — overlapping significantly with Swiss Steel's premium specialty portfolio.

TypeDirect peer
Description

Luxembourg-based stainless and specialty alloys producer with EAF operations in Europe and Brazil, competing head-to-head in stainless long-steel markets.

TypeDirect peer
Description

European stainless steel leader producing long products and flat products from recycled scrap via EAF, closely comparable in stainless long-steel and recycled-content positioning.

TypeDirect peer
Description

Swedish engineering group whose Materials Technology division produces advanced stainless steels and specialty alloys, overlapping with Swiss Steel's stainless long products and machining grades.

TypeBroad incumbent
Description

World's largest steelmaker offering integrated and EAF routes across a broad product portfolio, including growing stainless and specialty exposure that overlaps with Swiss Steel's markets.

TypeDirect peer
Description

Austrian-headquartered specialty steel and long products producer with strong positions in tool steel, high-alloy engineering steel, and special bar qualities, directly comparable to Swiss Steel's specialty long-steel franchise.

TypeBroad incumbent
Description

Largest US EAF-based steelmaker with leadership in sheet, plate, and bar products, sharing the EAF and recycled-scrap philosophy and competing in structural and bar quality markets.

TypeBroad incumbent
Description

Major European integrated steel producer with broad flat and long product capabilities and active green-steel transition, competing on scale and customer access in engineering and stainless grades.

TypeDirect peer
Description

European producer of engineering steel and specialty long products, primarily for the bearing and automotive industries, with a similar EAF-based, recycled-scrap model.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment9 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries3 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Swiss Steel Group

Specialty Steel Long Products Manufacturingswisssteel-group.com

Swiss Steel Group, headquartered in Emmenbrücke, Switzerland, manufactures customized specialty long steel products — engineering, stainless, and tool steels plus additive-manufacturing powder and wire — using exclusive electric arc furnace technology. It serves industrial OEMs across automotive, aerospace, energy, toolmaking, medical, mechanical engineering, and related sectors through 19 production sites and 65+ sales/service locations in 25+ countries.

What Swiss Steel Group does

Swiss Steel Group, headquartered in Emmenbrücke, Switzerland under parent Swiss Steel Holding AG, is a specialty long steel manufacturer serving industrial customers across automotive, aerospace, energy, toolmaking, medical technology, mechanical engineering, additive manufacturing, agriculture/construction, and oil/gas/mining. It operates 19 production sites in over 25 countries, supported by more than 65 sales and service locations and approximately 7,400 employees worldwide.

The company's core technology is Electric Arc Furnace (EAF) steelmaking used exclusively, which enables a high recycled-scrap feedstock mix (~92%) and a markedly lower carbon footprint versus blast furnace routes. Its product portfolio spans engineering steels (bainitic, bearing, case-hardening, free-cutting, quenched and tempered, nitriding, precipitation-hardening grades), stainless steels (austenitic, duplex, ferritic, martensitic, heat-resistant, non-magnetic, precipitation-hardening, and the proprietary UGIMA®-X high-machining line), and tool steels (hot work, plastic-moulding, cold work, high-speed, Ferro-Titanit, hard alloys), plus certified additive-manufacturing powder and wire. Green Steel sub-brands Climate+ and Green Steel Stainless+ market ~85% lower CO2 footprint products made with renewable electricity and high recycled content, with closed-loop customer scrap-return programs layered on top.

Revenue is generated through direct B2B sales of customized long steel products — quote-based pricing typical of engineered industrial materials — with subsidiaries Finkl Steel, Deutsche Edelstahlwerke, and Ugitech operating as wholly owned production units. Distribution is sales-led via the global direct sales network, providing joint development, production, processing, and just-in-time delivery supported by local commercial contacts with full group resource access.

Swiss Steel Group firmographics

Firmographics
Name
Swiss Steel Group
Legal name
Swiss Steel Holding AG
Website
https://swisssteel-group.com
Company type
Private
Founded year
1919
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
Swiss Steel Group, headquartered in Emmenbrücke, Switzerland, manufactures customized specialty long steel products — engineering, stainless, and tool steels plus additive-manufacturing powder and wire — using exclusive electric arc furnace technology. It serves industrial OEMs across automotive, aerospace, energy, toolmaking, medical, mechanical engineering, and related sectors through 19 production sites and 65+ sales/service locations in 25+ countries.
Ownership category
akta.pro rank

Swiss Steel Group industry classification

Industry
Product category
Specialty Steel Long Products Manufacturing
NAICS
Iron and Steel Mills and Ferroalloy Manufacturing (331110)
SIC
Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310)
akta.pro primary industry
Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA) (IMAKABAJ)
akta.pro secondary industries
Electric Arc Furnace (EAF) Steelmaking (Incl. DRI/HBI-Based) (IMAKABAB), Long Products Manufacturing (Rebar, Wire Rod, Merchant Bar, Sections/Beams) (IMAKABAH)

Keywords

  • Special steel manufacturing
  • Engineering steel products
  • Stainless steel long products
  • Tool steel solutions
  • Additive manufacturing materials

Where Swiss Steel Group is headquartered

Location

Headquarters

HQ city
Lucerne
HQ country
Switzerland
HQ region
Europe

Offices3 records

Markets served

Swiss Steel Group business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

  1. Special Steel Long Products Sales: Sale of customized special long steel products including engineering steel, stainless steel, tool steel, and additive manufacturing materials. Products range from 0.013mm drawn wire to 1,100mm forged bar diameter.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Swiss Steel Group product offering

Product offering

Core offering

Swiss Steel Group manufactures and supplies customized special long steel products — engineering steels, stainless steels, tool steels, and additive manufacturing powder and wire — for industrial customers across automotive, aerospace, energy, construction, toolmaking, medical technology, mechanical engineering, and oil, gas and mining. Production uses exclusively Electric Arc Furnace (EAF) technology, enabling high recycled scrap content and lower-CO2 Green Steel product lines (Climate+ and Green Steel Stainless+) with ~85% lower CO2 footprint. The product range spans from 0.013 mm drawn wire to 1,100 mm forged bar diameter.

Product overview

Swiss Steel Group operates as a steel manufacturer with a diversified portfolio of special long steel products. The company offers three core product categories: engineering steels (including bainitic, bearing, case-hardening, free-cutting, quenched and tempered, high-strength special, nitriding, and precipitation-hardening steels), stainless steels (austenitic, duplex, ferritic, martensitic, heat resistant, non-magnetic, and precipitation hardening grades), and tool steels (hot work, cold work, high-speed, and Ferro-Titanit). Additional offerings include additive manufacturing materials (powder and wire) and the UGIMA®-X high machining steel sub-brand. The product range spans from 0.013 mm drawn wire to 1,100 mm forged bar diameter. The company also offers Green Steel product lines (Climate+ and Green Steel Stainless+) featuring approximately 85% lower CO2 footprint, ~83% electricity from low carbon sources, and ~92% recycled scrap as raw material. Swiss Steel Group is one of the largest producers of electrical steel in Europe with 19 production sites, 6 electric arc furnaces, and ~7,400 employees worldwide.

Differentiator

Problem solved

Functional benefit

Brands

  • Climate+: Green Steel product line made with renewable energy and high recycled content
  • Green Steel Stainless+
  • UGIMA®-X

Products and services

  • Engineering Steels

Quantifiable outcome

  • ~85% lower CO2 footprint
  • +3 more outcomes

Companies that use Swiss Steel Group

Customer profile

Segments9 records

Ideal customer profiles3 records

Swiss Steel Group technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Swiss Steel Group partnerships and signals

Strategic signal

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Swiss Steel Group competitors and assessment

Company assessment

Direct peers

  • SSAB: Swedish specialty steelmaker with a strong EAF base and a leading 'HYBRIT' green-steel roadmap, competing with Swiss Steel in high-strength structural and wear-resistant specialty grades.
  • Carpenter Technology: US-based producer of specialty alloys, tool steels, and high-performance materials for aerospace, medical, and energy — overlapping significantly with Swiss Steel's premium specialty portfolio.
  • Aperam: Luxembourg-based stainless and specialty alloys producer with EAF operations in Europe and Brazil, competing head-to-head in stainless long-steel markets.
  • Outokumpu: European stainless steel leader producing long products and flat products from recycled scrap via EAF, closely comparable in stainless long-steel and recycled-content positioning.
  • Sandvik: Swedish engineering group whose Materials Technology division produces advanced stainless steels and specialty alloys, overlapping with Swiss Steel's stainless long products and machining grades.
  • Voestalpine: Austrian-headquartered specialty steel and long products producer with strong positions in tool steel, high-alloy engineering steel, and special bar qualities, directly comparable to Swiss Steel's specialty long-steel franchise.
  • Ovako: European producer of engineering steel and specialty long products, primarily for the bearing and automotive industries, with a similar EAF-based, recycled-scrap model.

Broad incumbents

  • ArcelorMittal: World's largest steelmaker offering integrated and EAF routes across a broad product portfolio, including growing stainless and specialty exposure that overlaps with Swiss Steel's markets.
  • Nucor: Largest US EAF-based steelmaker with leadership in sheet, plate, and bar products, sharing the EAF and recycled-scrap philosophy and competing in structural and bar quality markets.
  • ThyssenKrupp Steel Europe: Major European integrated steel producer with broad flat and long product capabilities and active green-steel transition, competing on scale and customer access in engineering and stainless grades.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Swiss Steel Group social profiles

Digital presence

Swiss Steel Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Swiss Steel Group leadership team

Management profile

Number of profiles

Profiles1 record

Swiss Steel Group subsidiaries and ownership

Company hierarchy

Subsidiaries3 records

Swiss Steel Group funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Swiss Steel Group M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Swiss Steel Group

What does Swiss Steel Group do?

Swiss Steel Group manufactures and supplies customized special long steel products — engineering steels, stainless steels, tool steels, and additive manufacturing powder and wire — for industrial customers across automotive, aerospace, energy, construction, toolmaking, medical technology, mechanical engineering, and oil, gas and mining. Production uses exclusively Electric Arc Furnace (EAF) technology, enabling high recycled scrap content and lower-CO2 Green Steel product lines (Climate+ and Green Steel Stainless+) with ~85% lower CO2 footprint. The product range spans from 0.013 mm drawn wire to 1,100 mm forged bar diameter.

Is Swiss Steel Group a public or private company?

Swiss Steel Group is a private company. It is classified as unknown and is currently operating.

When was Swiss Steel Group founded?

Swiss Steel Group was founded in 1919. It employs 5,001 to 10,000 people.

Where is Swiss Steel Group based?

Swiss Steel Group is headquartered in Lucerne, Switzerland, in the Europe region.

How does Swiss Steel Group make money?

One revenue line is on record: special Steel Long Products Sales.

Who are Swiss Steel Group's main competitors?

Direct peers on record are SSAB, Carpenter Technology, Aperam, Outokumpu, Sandvik, Voestalpine and Ovako. Broad incumbents are ArcelorMittal, Nucor and ThyssenKrupp Steel Europe.

Does Swiss Steel Group have an API?

No public API is recorded for Swiss Steel Group.

What industry is Swiss Steel Group in?

Swiss Steel Group's product category is Specialty Steel Long Products Manufacturing. Its primary akta.pro industry code is IMAKABAJ, Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA), with a secondary code of IMAKABAB, Electric Arc Furnace (EAF) Steelmaking (Incl. DRI/HBI-Based). Its NAICS code is 331110 and its SIC code is 3310.

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Live signals
FinanzNachrichten.deSwiss Steel wird erneut saniertSwiss Steel announced a second restructuring due to high losses, affecting German sites and leading to further job cuts. CEO Frank Koch did not disclose specific numbers in the interview. The move aims to reduce dependence on the automotive business.AInvestCredit Suisse fund: board approval of a reverse share splitSwiss Steel Holding AG's Board of Directors has proposed a 200:1 reverse share split to be approved at the Annual General Meeting on May 23, 2024. The restructuring aims to increase the par value per share from CHF 0.08 to CHF 16.00 and includes a capital increase subscribed by Steeltec Ltd. Additionally, the board proposed the election of three new directors while retaining several existing members.Market Research FutureGreen Steel Market Size & ShareMarket Research Future released a comprehensive report on the green steel market, estimating it was valued at $3.6 billion in 2024 and projecting growth to $236.6 billion by 2035, representing a compound annual growth rate of 46.3%. The report identifies key market drivers including technological advancements in hydrogen-based steelmaking, carbon capture utilization, and increasing regulatory support for decarbonization across regions. Key players covered include Swiss Steel Group, Tata Steel, Nucor Corporation, Outokumpu Oyj, and Emirates Steel Arkan Group, with notable industry developments such as ArcelorMittal's hydrogen production partnership and Tata Steel's renewable energy integration initiative.EIN PresswireWire Arc Additive Manufacturing Cell Market Competitive Landscape Across Leading and Emerging PlayersLincoln Electric Additive Solutions led global wire arc additive manufacturing cell sales in 2024 with a 4% market share. The top 10 players accounted for 15% of total market revenue that year, reflecting a fragmented market with moderate entry barriers. Demand for cost-efficient large component manufacturing is expected to strengthen competitive positioning.All-About-IndustriesSwiss Steel Group launches 'Machinability – Keep the World Turning' campaignSwiss Steel Group has launched a campaign titled "Machinability – Keep the World Turning" to enhance collaboration with mechanical engineers and machining experts in the steel industry. The initiative focuses on high-grade and structural steels to improve machining efficiency, reduce costs, and enhance quality in the manufacturing process. Following its debut in France, the campaign will expand to Italy and other European markets by 2026.Swisssteel-GroupSwiss Steel Group launches "Machinability – Keep the World Turning"…Swiss Steel Group has launched an international campaign titled "Machinability – Keep the World Turning" to promote its expertise in machining-optimized steels, kicking off with an event at Ugitech in France on October 21–22, 2025. The initiative highlights how the company's specially developed materials can improve machining efficiency by up to 50 percent while maintaining precision and sustainability. Following the launch in France, the event series will expand to Italy and other European markets in 2026.Swisssteel-Groupenvironmentally friendly to new…This journal article explains the role of recycling in the steel industry, describing the multi-step process from scrap collection and sorting to melting in Electric Arc Furnaces (EAF), and the environmental and economic benefits of closed-loop recycling. Swiss Steel Group is highlighted as a leading example, utilizing EAF technology exclusively, implementing customer scrap return programs, and offering Green Steel product lines including Climate+ and Green Steel Stainless+ made with renewable energy and high recycled content. The article also discusses challenges facing the industry, including scrap quality control, market price volatility, energy consumption, and regulatory compliance across various legal frameworks.Swisssteel-GroupGreen Steel - Sustainable steel productionSwiss Steel Group is producing Green Steel using electric arc furnace technology and recycled scrap to achieve CO2 emissions approximately 83% below the industry average. The company utilizes renewable electricity, hydrogen, and biogas to minimize its environmental footprint while supplying sustainable materials to the automotive, machinery, and medical technology sectors. This strategic shift aims to secure competitive advantages in environmentally conscious markets despite challenges related to infrastructure and energy costs.Swisssteel-GroupStainless Steel: The Versatile Material Powering Industries from…The article outlines the properties and widespread applications of stainless steel across various sectors, including kitchenware, architecture, medical technology, aerospace, and energy. It highlights Swiss Steel Group as a key manufacturer providing tailored stainless steel solutions for these industries, such as in food processing, construction, and offshore platforms. Additionally, it introduces UGIMA-X, a new alloy developed by Swiss Steel Group designed to improve machining productivity and efficiency.Swisssteel-GroupSwiss Steel Group achieves several strategic milestones in a…Swiss Steel Group reported a 6.2% decline in sales volume to 572 kilotons and a 20% revenue drop to EUR 1,300 million in H1 2024, excluding Ascometal, driven by subdued market demand across its main customer industries including automotive and mechanical engineering. Despite lower revenues, the group achieved EBITDA of EUR 71.7 million (up from EUR 58.5 million) following strategic transactions including a EUR 286 million capital increase in April and the divestment of non-core assets, which reduced net debt from EUR 829 million to EUR 631 million and strengthened equity to EUR 518 million. The group's French subsidiary Ascometal sought court protection in March 2024, leading to its derecognition from the balance sheet, while CEO Frank Koch emphasized the ongoing transformation from a steel distributor to a focused steel producer targeting market share recovery.