Transformer fire could cost SSAB Europe US$11.3 million

A transformer fire at SSAB Europe’s Hämeenlinna steel mill last Tuesday will cost in the region of SEK100 million (US$11.3 million) according to the Swedish steelmaker.

According to SSAB, the galvanising and colour-coated production lines are running normally and, if things went to plan, also the cold rolling mill, which was supposed to restart over the weekend, but at a reduced capacity. The company estimates that things will get back to normal in about five weeks.

SSAB Europe’s cold rolling mill at Borlänge has increased its production to compensate as much as possible for the losses at Hämeenlinna.

The cause of the fire is being investigated.