9,523.31 TRY BIST 100 BIST 100
37.92 USD USD USD
5.25 CNY CNY CNY
40.95 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
45.36 TRY Interest Interest
73.01 USD Fossil Oil Fossil Oil
33.28 USD Silver Silver
4.89 USD Copper Copper
102.77 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,819.33 TRY Gold (gr) Gold (gr)

Vattenfall-SSAB: Cooperation for 'Green Steel'

Vattenfall has contracted to supply fossil-free steel from energy company SSAB and to deliver fossil-free steel produced with raw material obtained by the joint venture Hybrit.

Vattenfall-SSAB: Cooperation for 'Green Steel'

Vattenfall will reportedly procure fossil-free steel from energy company SSAB. According to the source, both companies have committed to deliver fossil-free steel produced with raw material obtained by the green steel production joint venture Hybrit.

In addition to Hybrit, the joint venture partner of Vattenfall and SSAB, the companies have also embarked on a broader collaboration, according to reports. Vattenfall requires high-strength steels for various components, which it will procure from SSAB. Vattenfall is expected to have access to fossil-free steel produced using sponge iron from the Hybrit pilot facility early next year. The volume of steel to be delivered is expected to grow according to production capacity.

According to the source, Vattenfall aims to work with users of fossil-free steel, requiring at least 10% of the steel it purchases each year to be fossil-free by 2030.

Vattenfall and SSAB are expected to collaborate on a Life Cycle Assessment (LCA) methodology that evaluates sustainability calculations and CO2 emissions to ensure the entire value chain is fossil-free.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Stocks of finished steel in China fell by 4.5% at the end of March

Thursday, April 3, 2025

Steel billionaire Lakshmi Mittal announces relocation to the United Arab Emirates

Thursday, April 3, 2025

MKE to invest TRY 2 billion in defense industry

Thursday, April 3, 2025

Kardemir is 88 years old: A milestone in Türkiye's industrialization journey

Thursday, April 3, 2025

TÜİK announces March inflation data

Thursday, April 3, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now