OM:SSAB AMetals and Mining
Will New Power Lines Change SSAB Stock Narrative
Vattenfall Eldistribution has received approval to build and operate two new power lines connecting SSAB’s Luleå steel plant to Sweden’s electricity grid, a key step in plans to replace blast furnace production with electric steelmaking from around 2029.
The dedicated grid connection underpins SSAB’s fossil free steel ambitions and, by the company’s own estimate, supports infrastructure that could help Sweden cut around 10% of its CO₂ emissions.
We will now look at how SSAB’s investment...