12,369.89 TRY BIST 100 BIST 100
43.17 USD USD USD
6.23 CNY CNY CNY
50.12 EUR EUR EUR
43.17 USD USD USD
6.23 CNY CNY CNY
50.12 EUR EUR EUR
1.00 CNY CNY/CNY CNY/CNY
36.80 TRY Interest Interest
63.54 USD Fossil Oil Fossil Oil
5.87 USD Copper Copper
126.39 USD Silver Silver
106.07 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,415.80 TRY Gold (gr) Gold (gr)
106.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

SSAB reaches IEA threshold for near-zero CO₂e steel

SSAB Zero™ Steel produced with HYBRIT® technology to be used in GE Vernova Towers.

SSAB reaches IEA threshold for near-zero CO₂e steel

SSAB Zero™ steel, produced using hydrogen-reduced iron with HYBRIT® technology, has become the world’s first near-zero CO₂e steel to meet the International Energy Agency’s (IEA) near-zero steel standards and the First Movers Coalition (FMC) thresholds. The milestone was announced at GE Vernova’s Annual Wind Supplier Conference, where the companies confirmed that the product will be deployed in GE Vernova’s onshore wind towers.

Commercially available, SSAB Zero steel is produced at the company’s Montpelier, Iowa facility using recycled scrap, fossil-free electricity, biocoal and renewable natural gas. With the addition of hydrogen-reduced iron to the process, SSAB Zero now qualifies as near-zero steel under the IEA’s framework.

This development marks a significant step in reducing emissions from steel production and underscores GE Vernova’s commitment to decarbonizing its value chain. Both SSAB and GE Vernova are members of the FMC, and the use of SSAB Zero steel contributes to GE Vernova’s steel procurement commitments under the coalition.

Chuck Schmitt, President of SSAB Americas, stated: “This technical breakthrough represents our market leadership. SSAB Zero gives our customers confidence that they’re not compromising on quality while advancing their sustainability goals. Our partnership with GE Vernova strengthens our commitment to clean energy and the security of a domestic steel value chain.”

SSAB Zero steel will be used in GE Vernova’s wind towers across the United States.

Guy Lynch, Vice President of Wind Sourcing and Sustainability at GE Vernova, added: “GE Vernova and SSAB have a shared focus on innovation. This verified near-zero emissions steel supports our mission to electrify to thrive and decarbonize the world. Together, our companies are providing for a more sustainable and secure energy economy.”

Noam Boussidan, FMC Programme Head, emphasized: “The First Movers Coalition is encouraged to see two member companies achieve a commercialized solution for steel decarbonization. SSAB’s achievement demonstrates industry transformation, and GE Vernova’s procurement leadership accelerates the impact.”

SSAB has pledged to eliminate fossil carbon dioxide emissions from its operations while supporting customers’ sustainability goals. SSAB Zero is designed for end-use in automotive, mining, agriculture, construction, heavy equipment, transportation, and energy sectors.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

CSN begins strategic asset sales to reduce its debt to R$ 18 billion

Saturday, January 17, 2026

China and Canada reached an agreement on electric vehicle tariffs

Friday, January 16, 2026

The period for purchasing without VAT under the inward processing regime has been extended by 5 years

Saturday, January 17, 2026

Indonesia launched a tax evasion investigation into foreign companies in the steel and construction sectors

Friday, January 16, 2026

Dubai real estate market closed 2025 with records and made a rapid start to 2026

Saturday, January 17, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now