Finnish specialty steelmaker Rautaruukki Oyj (Ruukki) is
expanding its presence in the North American market, opening
offices in the United States and Canada and increasing its
product offerings, the Helsinki-based company said Nov. 19.
Ruukki has opened
offices in Pittsburgh and Toronto with the goal of expanding
service to industrial end markets in North America. The move,
which the company described as an "aggressive, full-bore
expansion," will enable the company to run sales, marketing and
distribution operations in the United States and Canada.
Ruukkis manufacturing and research operations will remain
in Finland, the company said.
"Ruukki needs to be
close to customers to deliver the high level of service and
help them find the best steel solutions for their
applications," Thomas Hörnfeldt, senior vice president of
special steels and international sales, said in a statement.
"We are committed to building a strong position for Ruukki in
North America and look forward to servicing customers who need
the highly differentiated and proven steel we are known
The company, which
specializes in "high-strength and wear-resistant specialty
steels," said it will offer "energy-efficient steel products to
North American manufacturers involved in transportation, heavy
lifting, mining and other demanding industrial
Optim, a high-strength steel used in commercial vehicles and
heavy lifting equipment, and Raex, a wear-resistant steel used
for containers, mining equipment and platform structures.
Ruukki said earlier
this year that it was expanding its sales operations and
opening offices in the Americas, Africa, China, the Middle
East, Southeast Asia and Australia (
amm.com, June 25).
Ruukkis net sales in 2012 totaled $3.78 billion, the