IPSCO, based in Regina, Saskatchewan, but with executive offices in the Chicago
suburb of Lisle, IL, is a leading producer of energy tubulars and steel plate
in North America with an annual steel making capacity of 4.3 million tons.
IPSCO operates four steel mills, 11 pipe mills, and scrap processing centers and
product finishing facilities in 25 geographic locations across the U.S. and
Canada. The company’s pipe mills produce a wide range of seamless and welded
energy tubular products, including oil & gas well casing, tubing, line pipe
and large diameter transmission pipe.
SSAB is a publicly traded corporation with a leading European position in plate
and sheet steel, and a worldwide sales presence in more than 40 countries. The
group comprises four divisions with sales revenues of almost $4.6 billion. The
transaction will make SSAB North America’s largest plate steel maker and the
second-largest OCTG provider, after United States Steel.