Raex

What Raex does

Raex® is a specialty steel brand owned and produced by SSAB, a publicly-listed Swedish steel manufacturer headquartered in Stockholm. The brand manufactures and distributes abrasion-resistant steel plates and sheets (AR 400, AR 450, AR 500 grades with hardness ranges of 360–540 HBW) and high-strength structural steel products (S690QL and S700MC grades with minimum yield strengths of 650–700 MPa). The steel is produced using quenching and thermomechanical rolling processes that deliver controlled hardness, consistent mechanical properties, and optimized carbon equivalent values for weldability and downstream fabrication.

Raex sells exclusively through a global network of certified distributors, with a parallel direct-to-customer inquiry channel via the company website. Target end-markets are vertical industrial segments: mining, lifting (cranes, hooks, load-bearing structures), transportation (truck bodies, trailers, containers), recycling, and agriculture. The company's value proposition centers on extending equipment service life, reducing fabrication lead times through consistent batch-to-batch quality, and lowering total cost of ownership for OEM fabricators. Pricing is quote-based and not publicly disclosed, reflecting commodity steel commercial conventions. Raex Smart, a digital configuration and simulation tool, complements the product portfolio by providing instant workshop property recommendations.

The brand has no separate legal entity, no independent financials, and no independent funding history; it operates as a product line within SSAB's corporate structure, leveraging SSAB's manufacturing facilities, quality systems, and R&D capabilities. Distribution is the primary commercial interface with end markets, supported by an active distributor recruitment program and a Certified Partner scheme with delivery priority and co-marketing benefits.

Name

Raex

Legal name

Raex (SSAB brand)

Website

https://raexsteel.com

Company type

Private

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Raex® is a specialty steel brand owned by SSAB that manufactures abrasion-resistant (AR 400/450/500) and high-strength structural (S690QL/S700MC) steel products, sold globally via certified distributors to mining, lifting, transportation, recycling, and agriculture customers.

Ownership category

akta.pro rank

Product category

Specialty Steel Products

NAICS

Rolling and Drawing of Purchased Steel (33122)

akta.pro primary industry

Electric Arc Furnace (EAF) Steelmaking (Incl. DRI/HBI-Based) (IMAKABAB)

Keywords

• Abrasion resistant steel
• Structural steel plates
• Wear resistant steel
• High yield strength steel
• Specialty steel products

Headquarters

HQ city

Raahe

HQ country

Finland

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Steel Product Sales: Raex generates revenue through the sale of abrasion resistant steel plates and sheets (AR 400, AR 450, AR 500 grades) and structural steel products (S690QL, S700MC grades). Products are sold through a global distributor network and directly to end customers. Pricing is quote-based with dimensions, grade, and quantity determining final price.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Raex manufactures and distributes abrasion-resistant steel (AR 400, AR 450, AR 500 grades) and high-yield structural steel (S690QL, S700MC grades) for industrial applications exposed to abrasive wear or extreme loads. Products are produced by SSAB and sold through a global network of certified distributors serving mining, lifting, transportation, recycling, and agriculture sectors. A complementary online simulation tool, Raex Smart, helps customers select grades and obtain processing parameters.

Product overview

Raex® is a steel brand producing abrasion resistant and structural steels, manufactured by SSAB. The product portfolio consists of three abrasion resistant steel grades (Raex® AR 400, AR 450, and AR 500) offering increasing levels of hardness for demanding wear applications, and two structural steel products (Raex® S690QL and S700MC) providing high yield strength for structural applications. All products feature robust workshop properties for cutting, welding, and bending. Raex® Smart is a complementary digital tool that simulates workshop properties, providing tolerances, bending, and welding recommendations for the steel products.

Differentiator

Problem solved

Functional benefit

Brands

• Raex® Smart: A simulation tool for product and workshop properties of Raex® steel, providing tolerances and bending/welding recommendations.

Products and services

• Raex® AR 400 Abrasion resistant steel grade designed for demanding conditions where steel structures are exposed to highly abrasive wear and tear. Hardness range 360–440 HBW. Used by mining, lifting, transportation, recycling, and agriculture customers for equipment components requiring wear resistance.
• Raex® AR 450 Abrasion resistant steel grade with higher hardness (420–500 HBW) for applications requiring enhanced wear resistance compared to AR 400. Targets equipment in highly abrasive environments.
• Raex® AR 500 Highest hardness abrasion resistant steel in the Raex AR lineup (470–540 HBW), providing maximum wear resistance for severe abrasive environments. Used in the most demanding wear applications.
• Raex® S690QL Structural steel with minimum yield strength of 650 MPa meeting EN 10025-6 requirements. Available in thicknesses 6.0–60.0 mm. Designed for structural applications requiring high strength and good workshop properties.
• Raex® S700MC Structural steel with minimum yield strength of 700 MPa meeting EN 10149-2 requirements. Available in thicknesses 3.00–10.00 mm, suitable for coils and cut-to-length sheets. Used in lifting and structural applications.
• Raex® Smart Online simulation tool that enables users to model product and workshop properties for Raex steel. Users select steel grade, type, and dimensions to receive tolerances, bending recommendations, and welding parameters in seconds.

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• SSABcoreStrategic or Co-development PartnerRaex abrasion resistant and structural steels are produced by SSAB, a leading steel manufacturer. This partnership provides manufacturing capability, quality assurance, and access to SSAB's steel production expertise and facilities.

Scale indicators1 record

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• SSAB: SSAB is the parent of Raex and also operates Hardox, Strenx, and Tibnor brands plus heavy-plate mills in Sweden, Finland, and the US. As parent, SSAB controls manufacturing capacity, capital allocation, and the strategic positioning of Raex within the broader portfolio.
• ThyssenKrupp Steel Europe: ThyssenKrupp Steel produces a broad portfolio of carbon and specialty steels including wear-resistant and high-strength grades under its heavy-plate division. It is a broad incumbent competing for the same OEM and distributor customers as Raex.
• ArcelorMittal: ArcelorMittal is the world's largest steel producer with broad specialty offerings including Amstrong high-strength structural and abrasion-resistant plate. It competes with Raex at scale in mining, construction, and heavy equipment OEMs globally.
• Voestalpine Stahl: Voestalpine produces high-strength and wear-resistant heavy plate (Aldur, Alform) for construction, lifting, and mining. It competes with Raex in European specialty steel distribution and serves similar premium-fabricator customers.
• NLMK (Novolipetsk Steel): NLMK is a major Russian steel producer with a growing specialty plate portfolio including abrasion-resistant and high-strength grades. It competes with Raex in price-sensitive markets and through global steel service centers.

Direct peers

• Dillinger: Dillinger is a German heavy-plate producer specializing in high-strength structural and wear-resistant plates (including DILUX, DIWETEN). It serves comparable lifting, mining, and construction customers as Raex, with similar grade ranges and certifications.
• Strenx (SSAB brand): Strenx is SSAB's high-strength structural steel brand covering grades up to 1300 MPa. It directly overlaps with Raex S690QL/S700MC for structural and lifting applications, sharing the same parent, distributor channel, and end-customers.
• Hardox (SSAB brand): Hardox is SSAB's flagship abrasion-resistant steel brand offering overlapping AR 400/450/500/HiTuf grades. It is the most direct comparable to Raex AR steel, competing for the same fabricators, distributors, and end-markets globally.
• Bisalloy Steel Group: Bisalloy is an Australian specialty steel producer of abrasion-resistant and high-strength structural plate (Bisalloy 400/450/500, Wearlite). It competes with Raex in mining, quarrying, and defense applications across APAC and global export markets.

Regional players

• Outokumpu: Outokumpu is a Finnish-headquartered stainless steel producer with Nordic manufacturing heritage. While focused on stainless rather than AR steel, it shares Raex's Finnish industrial footprint, customer base in Nordic heavy industry, and distribution channels.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCJrXgGyGflay5DbtGrs1ucQ
• Facebookfacebook.com/raexsteel
• LinkedInlinkedin.com/company/raexsteel
• Xx.com/raexsteel

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Raex