SSAB in Deal to Supply Sandvik With Fossil-Free Steel
02 November 2023 - 11:29PM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish steelmaker SSAB said Thursday that it has
signed a letter of intent with Sandvik to supply fossil-free steel
for use in the production of loaders and trucks.
SSAB's fossil-free steel replaces the coking coal traditionally
used for iron ore-based steelmaking with fossil-free electricity
and hydrogen. It aims to deliver fossil-free steel to the market at
commercial scale during 2026, and the letter of intent ensures
Sandvik secures its required volumes from SSAB's production
capacity.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
November 02, 2023 08:14 ET (12:14 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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