– This is a historic decision for SSAB and a major step towards our goal of becoming the world's first fossil-free steel company, said SSAB president and CEO Martin Lindqvist.
– The new steel mill in Luleå will be a showcase for our HYBRIT technology and will enable us to significantly reduce our carbon emissions.
The new steel mill will have a capacity of 2.5 million tonnes per year and will consist of two electric arc furnaces. It will use a mix of fossil-free iron sponge from HYBRIT's demonstration plant in Gällivare and recycled steel scrap as raw materials.
The total investment in Luleå is estimated at 4.5 billion Euros, including a contingency framework. The new steel mill is expected to be operational by the end of 2028 and reach full capacity one year later.
– The transition in Luleå is a milestone on our journey to fossil-free steelmaking, said Lindqvist.
– We will remove seven percent of Sweden's carbon dioxide emissions, strengthen our competitiveness and secure jobs with the most cost-effective and sustainable strip steel production in Europe.
– Together with our partner LKAB, we have committed to removing carbon dioxide emissions from our value chain and established a new world-leading technology for a fossil-free future, said Lindqvist.
– We are also securing the competitiveness of the Nordic industry for many decades to come by supporting our thousands of customers who rely on quality steel from our value chain.