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SSAAY Ssab Swedish Steel (PK)

2.84
0.142 (5.26%)
Last Updated: 17:59:52
Delayed by 15 minutes
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
  0.142 5.26% 2.84 2.60 3.00 2.84 2.73 2.73 1,004 17:59:52

Volvo Delivers First Construction Machine Built Using Fossil-Free Steel

01/06/2022 10:51am

Dow Jones News


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By Dominic Chopping

 

STOCKHOLM--Volvo AB's construction equipment unit said Wednesday that it has delivered its first construction machine built using fossil-free steel to a customer.

The A30G articulated hauler was built at Volvo's Braas facility in Sweden using the existing manufacturing process, with fossil-free steel from Swedish steel company SSAB. It has been delivered to Swedish construction firm NCC AB.

As part of its science-based targets commitment, Volvo Construction Equipment is set to achieve net-zero greenhouse gas emissions by 2040, it said.

Production using fossil-free steel in Volvo Construction Equipment's machines and components will be gradual and depend on aspects such as steel availability, it added.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

June 01, 2022 05:36 ET (09:36 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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