🇸🇪 SSAB’s investment in Luleå recognized as a net-zero project by the EU

January 21, 2026 15:32 CET – SSAB’s investment in a new electric steel mill in Luleå has been recognized as a strategic net-zero project under the EU’s Net-Zero Industry Act. The decision, announced by the Swedish Agency for Economic and Regional Growth (Tillväxtverket), confirms that the project is considered to be of major importance for the EU’s future competitiveness and for the union’s ability to meet its climate and energy targets.

In December 2024, the Luleå project was awarded SEK 1.45 billion in funding from the EU and Tillväxtverket, including support from the Just Transition Fund. The designation as a strategic net-zero project is a further acknowledgment of the significance of this investment – both for SSAB’s transformation and for Europe’s industrial policy ambitions.

“This recognition confirms that the investment in Luleå is strategically important for Europe’s industrial and climate transition. It gives us greater predictability in the remaining permitting processes and strengthens the execution of SSAB’s largest industrial transformation ever,” says Carl Orrling, CTO and Head of the Transformation Office at SSAB.

SSAB is investing EUR 4.5 billion in Luleå to build a modern, electrified steel mill capable of delivering advanced products with significantly lower climate impact. The new technology enables both lower production costs and near fossil-free steelmaking, strengthening SSAB’s competitiveness while helping reduce Sweden’s total carbon dioxide emissions by seven percent.

Originally published on 21 January 2026 by SSAB.

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