Ovako launches M-Steel Calculator – a digital service tool

Ovako has launched the M-Steel Calculator, a digital tool based on the company’s Steel Navigator platform, which guides customers in identifying the right machine settings based on steel properties and cutting tools. The M-Steel Calculator also allows customers to compare tool life and cutting speeds between M-Steel® from Ovako and conventional steel.

“We are pleased to be able to offer our customers the M-Steel Calculator for comparison and verification of the correct machine settings. Similar digital tools on the market have until now been based only on the equipment and not the type of steel being used. With the M-Steel Calculator, we can provide our customers with an efficient and user-friendly way to calculate the right settings and evaluate the difference in processing costs between M-Steel from Ovako and conventional steel,” says Göran Nyström, EVP Group Marketing & Technology. “Our ambition is to provide our customers with the best level of service, and the M-Steel Calculator is a part of Ovako’s priority efforts to address customer requirements with the right product, of the right quality, at the right time and through the right channel.”

The M-Steel Calculator is a development of Ovako’s Steel Navigator, a platform to help customers identify the best steel, and is part of Ovako’s digitalization strategy. It further strengthens the group’s objective to offer its customers the best service in the industry.

The M-Steel Calculator, which is primarily aimed at operators in the automotive and engineering industries, is based on Ovako’s M-Steel, which has characteristics that improve machining and can enhance the life of cutting tools many times over compared with conventional steel.

The M-Steel Calculator from Ovako is available for computers, tablets or smartphones. For more information, please visit M-Steel Calculator. 

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For more information please contact:
Press and media contacts
Oskar Bosson, Head of Group Communications
Telephone: +46 704 10 71 80
E-mail: oskar.bosson@ovako.com

Investor relations
Nicholas Källsäter, Head of Group Business Control
Telephone: +46 8 622 1323
E-mail: nicholas.kallsater@ovako.com

About Ovako

Ovako develops high-tech steel solutions for, and in cooperation with, its customers in the bearing, transport and manufacturing industries. Our steel makes our customers’ end products more resilient and extends their useful life, ultimately resulting in smarter, more energy-efficient and more environmentally friendly products.

Our production is based on recycled scrap and includes steel in the form of bar, tube, ring and components. Ovako is represented in more than 30 countries and has sales offices in Europe, North America and Asia. Ovako’s sales in 2016 amounted to EUR 781 million, and the company had 2,800 employees at year-end. For more information, please visit us at www.ovako.com.

The information was submitted for publication, through the agency of the contact person set out above, at 8.00 CET on May 23, 2017. 

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About Us

About OvakoOvako develops high-tech steel solutions for, and in cooperation with, its customers in the bearing, transport and manufacturing industries. Our steel makes our customers’ end products more resilient and extends their useful life, ultimately resulting in smarter, more energy-efficient and more environmentally-friendly products. Our production is based on recycled scrap and includes steel in the form of bar, tube, ring and pre-components. Ovako has over 3,000 employees in more than 30 countries. Ovako’s sales in 2017 amounted to EUR 921 million. Since June 2018, Ovako is part of the Japanese steel corporation Nippon Steel & Sumitomo Metal Corporation that employs 92,000 globally and has a revenue of EUR 37 billion. For more information, please visit us at www.ovako.com and www.nssmc.com.

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