In 1992, British Steel plc (BS), NCC AB, Axel Johnson HAB and AGA AB formed a joint venture, Avesta Sheffield AB (ASAB), from the stainless steel manufacturing activities of Avesta AB, whose major shareholders were NCC, Axel Johnson and AGA, and British Steel.
En 1992, British Steel plc (BS), NCC AB, Axel Johnson HAB et AGA AB ont constitué une entreprise commune, Avesta Sheffield AB (ASAB), à partir des activités de production d'acier inoxydable d'Avesta AB.