Finland-based steelmaker
Ruukki has announced that it will expand its global sales network for special steels by opening new offices and by recruiting more than 40 experts to strengthen sales and technical services. Growth in special steels is being pursued in Asia, Africa and in the Americas as well as in Europe.
During the current year,
Ruukki aims to turn its steel business more strongly into a special steel business consisting of high-strength, wear-resistant and special-coated steels.
Ruukki stated that, among other sectors, the construction and mining industries offer significant growth potential in many developed and emerging markets.
According to
Ruukki, the profitability of special steels is clearly higher than that of standard products and price fluctuations are smaller.