Steel Mills

SSAB Appoints Craelius as CFO

Written by David Schollaert

June 2, 2022

SSAB AB has named Leena Craelius as chief financial officer. Craelius had held the position of acting CFO since Nov. 1, 2021, succeeding Håkan Folin, who joined mining and infrastructure equipment make Epiroc.

Craelius will take up her new position immediately and will be based in Stockholm, the Swedish steelmaker said in a press release on Thursday, June 2.

Craelius has been with SSAB since 2005 and has held increasingly senior positions within the company. Prior to the interim CFO role, she most recently served as vice president of finance, controlling, and IT at SSAB Europe.

“I am very happy to welcome Leena in her new role,” SSAB president and CEO Martin Lindqvist said. “I’m convinced that she will in the best way contribute to our journey toward a fossil-free and industry-leading company.”

Craelius holds an MBA in Finance from Helsinki School of Economics and a BBA in International Business from Häme University of Applied Sciences.

By David Schollaert, David@SteelMarketUpdate.com

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

Read more from David Schollaert

Latest in Steel Mills

SDI bullish on Sinton as capacity utilization passes 80% threshold

Steel Dynamics Inc. (SDI) remains upbeat about progress at its Sinton, Texas, sheet mill and expects it to be profitable in the upcoming months. “The Sinton team gained considerable momentum in the last two months—running above 80% capacity—and they are doing even better in January, with expectations to reach profitability in the coming months,” SDI Chairman and CEO Mark Millett said in a Q4’24 earnings call on Thursday.