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SSAB AB is a Nordic and US-based steel company that specializes in the production of high-strength steel. The company's core business includes the manufacturing of steel products for demanding applications such as the automotive, construction, and energy industries. SSAB's product segments include advanced high-strength steels, quenched and tempered steels, and a range of strip, plate, and tubular products. Founded in 1878, SSAB has a significant geographic presence with a headquarters in Stockholm, Sweden. The company is strategically positioned with production facilities in Sweden, Finland, and the United States, and is recognized for its focus on sustainable steel production, including efforts to reduce carbon emissions through innovative technologies.

BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual-listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore US oil and gas assets were sold in 2018, and the remaining petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. It purchased copper miner Oz Minerals in fiscal 2023 and half of the Vicuña copper joint venture in fiscal 2025. It is entering the potash market through the development of its Jansen project in Canada. However, due to low prices, BHP placed its nickel business on care and maintenance in 2024.