HYBRIT—SSAB, LKAB, and Vattenfall’s project for creating fossil-free steel—has been granted SEK 528 million in financial backing by the Swedish Energy Agency. HYBRIT has the potential to reduce Sweden’s total carbon dioxide emissions by ten percent, and Finland’s emissions by seven percent. For Sweden’s part, the reduction has been described as crucial to the country’s efforts to meet the goals laid out in the Paris Agreement.

Repair work has begun following the transformer fire that occurred at SSAB Europe’s Hämeenlinna mill on Tuesday, June 12. The total cost of repair and lost deliveries will have an estimated result impact of SEK 100-120 million on SSAB Europe, whereof approximately SEK 50 million in the second quarter and the remaining amount in the third quarter.

A transformer fire occurred at the SSAB Europe Hämeenlinna mill this afternoon and the mill was evacuated due to smoke. The fire has been extinguished. There were no injuries.