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SSAB can get EUR128 million in Swedish aid for green steel, EU watchdog says

( October 21, 2024, 09:45 GMT | Official Statement) -- MLex Summary: Sweden has won state aid approval for its plan to give a direct grant worth 128 million euros to steelmaker SSAB to back the company's plan to move its steel production process in Luleå to a nearly zero-emission system. The process in the plant, in northern Sweden, is currently based on coal. The measure, which will be made available through the Just Transition Fund, will speed up the project by three years, and the new installation is expected to start producing green steel as of 2029, the European Commission said today.Statement follows. ...

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