Rautaruukki

This article is about the company. For pusher vessel, see Rautaruukki (pusher).

Rautaruukki Oyj, using the marketing name Ruukki, is a Finnish company, headquartered in Helsinki, which manufactures and supplies metal-based components and systems to the construction and engineering industries. In 2014 Swedish SSAB bought Ruukki.

Rautaruukki steel factory in Raahe Jul2009 001

Four employees of Ruukki before the rolling mill in Hämeenlinna

Rautaruukki Oyj

Company type	Julkinen osakeyhtiö
Industry	Basic resources, Metal industry
Founded	1960
Headquarters	Helsinki , Finland
Area served	Worldwide
Key people	Reino Hanhinen (Chairman), Sakari Tamminen (President and CEO)
Products	Manufacture and supply of metals and metal products
Revenue	€2.798 billion (2011)[1]
Operating income	(€22 million) (2011)[1]
Net income	(€79 million) (2010)[2]
Total assets	€2.539 billion (end 2010)[2]
Total equity	€1.389 billion (end 2010)[2]
Number of employees	11,820 (average, 2011)[1]
Website	ruukki.com

The company was founded in 1960 by the Finnish Government to provide the steel supply needed by the nation's heavy industries. Since part-privatization in 1994, the state has gradually decreased its holding in Rautaruukki.The firm consists of three business areas: construction, engineering and metals. Rautaruukki produces a range of products for clients in various industries, including cabins and chassis for heavy vehicles, hot rolled steel plates and coils, roofing sheets and building and bridge structures.

Ownership

On 31 December 2011 the principal shareholders were:^[3]

1. Solidium: 39.67%
2. Ilmarinen Mutual Pension Insurance Company: 3.72%
3. Varma Mutual Pension Insurance Company: 2.51%
4. The State Pension Fund: 1.39%
5. ODIN Fund Management: 1.03%