Ssab invests €1 billion in green steel plant

SSAB is investing approximately €1 billion in a new green steel plant in Lulea, Sweden. The plant will have an annual capacity of 2.5 million tons of special steel. It will be powered by a 100% fossil-free carbon mix from the Hybrit demonstration plant in Gällivare, as well as recycled scrap. The new plant aims to produce special steels using a fossil-free process. Key participants include SSAB and Danieli, the company contracted to build the plant. The agenda focuses on sustainable steel production and reducing carbon emissions. This investment signifies a major step towards sustainable steel production. The plant's operation will significantly reduce the carbon footprint of steel manufacturing. Observers should watch for updates on the plant's construction and its impact on the steel industry's environmental practices.