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| Name | Symbol | Market | Type |
|---|---|---|---|
| Ssab Swedish Steel (PK) | USOTC:SSAAY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.015 | -0.56% | 2.655 | 1.85 | 3.50 | 2.70 | 2.655 | 2.70 | 1,696 | 21:13:57 |
From Jun 2021 to Jun 2024
By Dominic Chopping
STOCKHOLM--Swedish steelmaker SSAB AB said Monday it will deliver fossil-free steel to Epiroc AB for use in mining equipment production.
The company said Epiroc will initially use the steel, which is produced without carbon dioxide emissions, for a prototype underground machine produced at its facility in Orebro, Sweden, and the plan is to increase use of fossil-free steel over time.
SSAB aims to deliver fossil-free steel to the market in commercial scale during 2026, having delivered the first steel made of hydrogen-reduced iron in 2021.
SSAB works with iron-ore producer LKAB and energy company Vattenfall Group as part of the Hybrit initiative to develop a value chain for fossil-free iron- and steel production, replacing coking coal traditionally needed for iron ore-based steelmaking, with fossil-free electricity and hydrogen.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
April 11, 2022 04:18 ET (08:18 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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