Finland’s public innovation funding agency Business Finland supported the program, which was launched after SSAB was selected as one of the “pioneer companies” in a competition held in spring 2025. The five-year program, titled “A Sustainable World with Steel,” aims to accelerate the fossil-free transformation of steel production.
The program is expected to build a broad ecosystem involving more than 200 stakeholders, including research institutes, universities, digitalization partners, technology developers, and customer companies. The total project volume, including ecosystem contributions, is expected to reach approximately EUR 50 million.
With this initiative, SSAB aims to transform the steel production model in Finland and the Nordic region into a more modern, efficient, and sustainable structure. The company seeks to develop high-strength and low-carbon steel products together with its customers, while also preparing for the rapidly growing global decarbonized steel market.
SSAB Europe Division President Tony Harris stated that the funding provided is an important support in the transition to low-carbon steel production, emphasizing that the program aims to create a fully fossil-free value chain.
The program focuses on fossil-free electric steel production technologies, sustainable supply chain optimization through digitalization, low-emission steel applications, and the circular use of by-products in steel production.
Business Finland aims to strengthen Finland’s global competitiveness by supporting not only SSAB’s direct R&D activities but also the projects of ecosystem partners within the program.
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