SSAB AB to Build New Plant in Northern Sweden for Environmental Cleanup

Swedish steelmaker SSAB AB is set to invest up to 4.5 billion euros ($4.8 billion) in constructing a new plant in Lulea, located in the northern part of the country. This substantial investment aims to address environmental concerns within one of the world’s most polluted industries. The decision to proceed with the investment in Lulea, instead of the Raahe facility in Finland, follows a period of deliberation for the firm. SSAB AB's commitment to establishing a progressive and sustainable facility signals positive strides toward a cleaner, greener future for the steel industry.