Swedish steelmaker SSAB, iron ore pellet producer LKAB and power company Vattenfall have formed a joint venture company to develop a fossil-free steel initiative named Hybrit, the companies said on Thursday February 1.
The three companies will each own one-third of the project, which will seek to develop a steelmaking process that is less harmful to the environment.Last spring, SSAB, LKAB and Vattenfall launched an initiative to solve the carbon dioxide problem in the Swedish steel industry. By replacing today's blast furnace process,...