Steel Network
12,728.18 TRY BIST 100 BIST 100
43.29 USD USD USD
6.25 CNY CNY CNY
50.71 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
35.19 TRY Interest Interest
65.29 USD Fossil Oil Fossil Oil
5.80 USD Copper Copper
130.57 USD Silver Silver
103.04 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,679.08 TRY Gold (gr) Gold (gr)
103.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

SSAB and Rheinmetall partner on fossil-free steel supply

SSAB and German defense and technology company Rheinmetall have signed a letter of intent for the supply of fossil-free steel.

SSAB and Rheinmetall partner on fossil-free steel supply

SSAB and German defense and technology company Rheinmetall have signed a letter of intent for the supply of fossil-free steel. The agreement paves the way for Rheinmetall to become the first defense equipment manufacturer to use decarbonized steel in its production processes, while also marking an important step toward the development of next-generation sustainable products.

Under the cooperation with Rheinmetall — a global systems supplier in the defense sector and an innovator in civilian technologies — deliveries will initially begin with SSAB Zero™ steel. The parties aim to gradually increase volumes over time. In the next phase, shipments are also expected to include SSAB Fossil-free™ steel produced using the HYBRIT® technology.

Commenting on the agreement, SSAB Special Steels President Per Elfgren stated that both companies have demonstrated a strong commitment to meeting the growing demand from manufacturers and customers for CO₂ reduction.

SSAB stands out with two different products aimed at decarbonizing steel production. SSAB Zero™, produced using recycled steel and fossil-free energy, is the world’s first commercially available steel with virtually zero fossil carbon emissions while maintaining performance and quality standards.

In addition, SSAB produced the world’s first fossil-free steel in 2021 using HYBRIT® technology, which relies on hydrogen-reduced iron instead of coal. This process eliminates the main source of CO₂ emissions in steelmaking, with water as the only by-product. SSAB continues to supply pilot volumes of this material to selected partners across various industries.

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

EFRS’2026 will focus on green transformation and digitalization in the iron and steel sector

Thursday, January 22, 2026

Spain’s steel production declined by 8% in November

Thursday, January 22, 2026

A cooperation protocol was signed between Türkiye and the UK on the hydrogen fueled train project

Thursday, January 22, 2026

The pilot application of the Türkiye Emissions Trading System begins this year

Thursday, January 22, 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