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SSAB to build new electric furnace in Oxelösund
SSAB's Board has taken an investment decision for the green transformation of the Oxelösund mill. The decision will enable a 3% reduction of Sweden's total CO2 emissions and the aim is to start production of steel without carbon emissions, based on recycled steel and sponge iron, during quarter 4 in 2026.
In order to continue to keep up a high pace and lead to fossil-free transformation, SSAB's Board has taken the decision to invest SEK 6.2 billion in a new electric arc furnace and raw material handling in Oxelösund. In addition, there will be investments in the future power line and restoration costs. The investment in Oxelösund will eliminate the need to invest in existing systems with blast furnaces and coking plants, and will mean increased capacity for premium products, an improved cost position and fossil-free production.
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- [Editor:邢亚敏]
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