Steel manufacturer SSAB has been given the green light by the Land and Environment Court to build its new electrical steel plant in Luleå. This is stated in a press release.

The new plant is intended to replace the company's existing blast furnace when it comes into operation in 2028. The investment is SEK 52 billion. The large amount has been questioned by the market and has seen the share price fall 40% since the announcement came in April.

From a sustainability point of view, the new steel plant will be a big step forward for the company. This is because carbon dioxide emissions will almost disappear completely in connection with the new plant. This can be compared with the fact that SSAB is currently the largest emitter of carbon dioxide in Sweden.