Article

SSAB is set to construct an electric steel plant in Luleå, Sweden, aimed at achieving fossil fuel-free steel production by 2030. The transition from coal-fired blast furnaces to an electric arc furnace represents a €4.5 billion investment, supported by €71 million from the EU's Just Transition Fund, and is expected to reduce CO2 emissions in Sweden by 7%. The company will also train its 1,100 employees in the necessary skills for the new facility.