Agreement on Fossil-Free Steel Supply

Nordec and SSAB agree on deliveries of fossil-free steel

Nordec and SSAB have agreed on deliveries of fossil-free steel. Nordec will use fossil-free steel in, for example, frame structures for buildings, façades, and bridges. The agreement between Nordec and SSAB is an important step towards an efficient supply chain for fossil-free steel. SSAB aims to deliver fossil-free steel to the market in 2026 and this agreement will ensure Nordec gets the quantities of steel it needs from SSAB’s production capacity.

The collaboration supports Nordec's carbon dioxide emission reduction targets for 2030 and SSAB's goal of developing a fossil-free value chain. “As a supplier of steel frame structures in the Nordic countries, it is important for Nordec that investments related to fossil-free steelmaking proceed resolutely. Cooperation with SSAB contributes greatly to our green transition strategy and in helping us to reach our emission reduction targets,” says Nordec Group’s CEO Kalle Luoto.

“We are pleased to support Nordec's sustainability goals in the construction and bridge construction industries with our expertise. The fossil-free steel we produce retains its high quality, but its climate impact is significantly lower compared to steel based on traditional blast furnace technology. This helps to reduce our customers' carbon footprint and provides a competitive advantage in the market,” says Lotta Ruottinen, Sales Director, SSAB Europe. SSAB plans to revolutionize the entire steelmaking process. SSAB works 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 steelmaking, replacing the coking coal traditionally used for iron ore-based steelmaking with fossil-free electricity and hydrogen. This process virtually eliminates carbon dioxide emissions in steel production.

(Source: Nordec Press Release)