The new European long special steel products company has begun its operations. The company, formed through a merger of Ovako Steel AB, Imatra Steel Oy Ab, Fundia Wire Oy Ab, Fundia Special Bar AB and Fundia Bar & Wire Processing AB has adopted the name Oy Ovako Ab. Ovako is a leading European producer of long special steel products for the rolling bearing, heavy vehicle, automotive and engineering industries. Production consists of low alloy and carbon steels in the form of bars, wire rod, tubes, rings, forgings and pre-components.
