Sweden-based SSAB, which has operations around the world, has invested $800 million in its Alabama steel mill. The company is moving its U.S. headquarters to Mobile.
A new pilot facility under construction in northern Sweden will produce steel using hydrogen from renewable electricity. The only emissions will be water vapor. With a growing global population and greater urbanization, coupled with technological advancements in pre-engineered metal buildings with high structural integrity, the global steel market is expected to reach US$1.01 trillion by 2025. Yet, at the same time, the steel industry is one of the highest CO2-emitting industries in the world, accounting for 7.0 percent of CO2 emissions globally. This means the Continue reading