[1] The city is located at the junction of two railways between Ludvika-Västerås and Avesta (Krylbo)-Örebro, in the heart of the historic Bergslagen region which is rich in copper and iron ore.

There has been mining activity in the Fagersta area since the 15th century but it was not organized until the 17th century and was not made a corporation until 1873, when Fagersta Bruks AB was founded.

The Fagersta airspace surveillance tower is a Second World War observation platform located to protect a nearby steel mill.

Today's industry is focused on hard metal tools (Seco Tools AB and Atlas Copco Secoroc AB) and stainless steel products (Fagersta Stainless AB and OUTOKUMPU Stainless Tubular Products AB).

This article about a location in Västmanland County, Sweden is a stub.