Thanks to a cooperation between Stena Stål and the steel company SSAB, fossil-free steel will be available to more customers on the Swedish market by 2026.
The Nordic steel market is diverse, and a large proportion of steel supplies goes through distributors to small and medium-sized companies. Now, that Stena Stål has signed a letter of intent with SSAB, another link in the value chain has been added for the future fossil-free steel market.
“I am pleased to welcome Stena Stål as a partner for fossil-free steel. Together we will contribute to reducing carbon dioxide emissions as we introduce fossil-free steel to the Swedish market. Together we are building fossil-free value chains all the way to the end customer,” says Matts Nilsson, Sales Manager Sweden and Norway at SSAB.
“For us at Stena Stål, fossil-free steel is central to our journey towards sustainable steel distribution. This is of utmost importance to our customers, and we have a target to reduce our CO2 footprint by 50 percent already in 2030 and by 100 percent in 2045. We are very excited about this partnership, as we are taking a big step towards a fossil-free future,” says Stefan Svensson, Managing Director at Stena Stål AB.
SSAB plans to revolutionize the entire steelmaking process, aiming to deliver fossil-free steel to the market on a commercial scale by 2026 and to virtually eliminate carbon emissions from its own operations by 2030. SSAB is working with iron ore producer LKAB and energy company Vattenfall as part of the HYBRIT initiative to develop a value chain for fossil-free iron and steel production, replacing the coking coal traditionally used for iron ore-based steel production with fossil-free electricity and hydrogen.
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