Nordec and SSAB agree on deliveries of fossil-free steel.

Nordec and SSAB have agreed on deliveries of fossil-free steel. Nordec will use fossil-free steel in, for example, frame structures for buildings, façades, and bridges.

 

 

 

 

Nordec Group Oy press release 29.04.2024 at 09.30 EET UTC+3

 

 

 

 

Nordec and SSAB agree on deliveries of fossil-free steel.

Nordec and SSAB have agreed on deliveries of fossil-free steel. Nordec will use fossil-free steel in, for example, frame structures for buildings, façades, and bridges.

The agreement between Nordec and SSAB is an important step towards an efficient supply chain for fossil-free steel. SSAB aims to deliver fossil-free steel to the market in 2026 and this agreement will ensure Nordec gets the quantities of steel it needs from SSAB’s production capacity. Under the collaboration, SSAB will initially supply small quantities of fossil-free steel for the first pilot project, and in the future quantities of fossil-free steel will increase as production ramps up.

Fossil-free steel applications are the frame structures for buildings, façades and steel bridges. The collaboration supports Nordec’s carbon dioxide emission reduction targets for 2030 and SSAB’s goal of developing a fossil-free value chain.

“As a leading supplier of steel frame structures in the Nordic countries, it is extremely important for Nordec that investments related to fossil-free steelmaking proceed resolutely. Cooperation with SSAB contributes greatly to our green transition strategy and in helping us to reach our emission reduction targets,” says Nordec Group’s CEO Kalle Luoto.

“We are pleased to support Nordec’s sustainability goals in the construction and bridge construction industries with our expertise. The fossil-free steel we produce retains its high quality, but its climate impact is significantly lower compared to steel based on traditional blast furnace technology. This helps to reduce our customers’ carbon footprint and provides a competitive advantage in the market,” says Lotta Ruottinen, Sales Director, SSAB Europe.

SSAB plans to revolutionize the entire steelmaking process. SSAB works with iron ore producer LKAB and energy company Vattenfall as part of the HYBRIT initiative to develop a value chain for fossil-free iron- and steelmaking, replacing the coking coal traditionally used for iron ore-based steelmaking with fossil-free electricity and hydrogen. This process virtually eliminates carbon dioxide emissions in steel production.

 

For further information, please contact:

Magnus Thelm, Nordec Group, magnus.m.thelm@nordec.com, tel.+46 70 983 3412
Lotta Ruottinen, SSAB Europe, lotta.ruottinen@ssab.com, tel. +358 50 314 3415

SSAB is a Nordic and US-based steel company that builds a stronger, lighter and more sustainable world through value added steel products and services. Working with our partners, SSAB has developed SSAB Fossil-free™ steel and plans to reinvent the value chain from the mine to the end customer, largely eliminating carbon dioxide emissions from our own operations. SSAB Zero™, a largely carbon emission-free steel based on recycled steel, further strengthens SSAB’s leadership position and our comprehensive, sustainable offering independent of the raw material. SSAB has employees in over 50 countries and production facilities in Sweden, Finland and the US. SSAB is listed on Nasdaq Stockholm and has a secondary listing on Nasdaq Helsinki. Join us on our journey! www.ssab.com, Facebook, Instagram, LinkedIn, X and YouTube.

About Nordec

Nordec Group Oy is one of the leading suppliers of steel frame structures and façade solutions for construction projects in the Nordic countries with a strong position in the Central and Eastern European (CEE) countries of Poland, Lithuania, the Czech Republic and Slovakia.

The company has long experience in the design, manufacture and installation of frame structures, facades, and bridges. Nordec’s main raw material is steel. The offering includes single-storey buildings, multi-storey buildings, heavy industry buildings, bridges, and facade structures.

Nordec’s revenue in 2022 was EUR 329,2 million and adjusted EBITDA of EUR 27.0 million.

Further information about Nordec is available on the Company’s website at www.nordec.com.

 

 

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