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SSAB and Stena Metall agree recycled scrap metal deal

Posted on 16 Dec 2024. Edited by: John Hunter. Read 635 times.
SSAB and Stena Metall agree recycled scrap metal dealSSAB and Stena Metall have entered into a strategic cooperation agreement that ensures deliveries of recycled scrap metal from the Stena Nordic Recycling Center in Halmstad, Sweden, to SSAB’s new electric arc furnace in Oxelösund. The collaboration means that a larger amount of recycled metal can be re-used in Sweden, further strengthening the value chain for steel production with minimal carbon dioxide (CO2) emissions.

Asma Manesh, commodity manager scrap at SSAB, said: “On our journey toward fossil-free steel production, it is important to establish partnerships in the raw material sector. The agreement with Stena Metal is a significant step on the Swedish recycling market. Our transformation in Oxelösund means that we will reduce Sweden’s CO2 emissions by around 3% by producing steel from both recycled scrap metal and fossil-free sponge iron.”

The first deliveries are planned in connection with the ramp up of the new electric arc furnace. Deliveries will primarily take place by train between Halmstad and Oxelösund.

Fredrik Lyckesvärd, head of business area ferrous at Stena Recycling, said: “We are proud to continue our long-term collaboration with SSAB, which now also results in us contributing to the transformation to sustainable steel production. Simultaneously, we are jointly working on a solution that also includes recycling of material from selected SSAB customers in Sweden.”

SSAB plans to convert its entire Nordic production system to produce steel with virtually zero fossil carbon emissions while also increasing the share of premium products. SSAB in Oxelösund is the first site to embark on this transformation, with startup of the new production system planned toward the end of 2026.