Sweden News — GMK Center https://gmk.center/en/tag/shveciya-en/ This is an informational-analytical, discussion platform Tue, 16 Jun 2026 07:37:02 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://gmk.center/wp-content/uploads/2018/11/android-chrome-256x256-36x36.png Sweden News — GMK Center https://gmk.center/en/tag/shveciya-en/ 32 32 <![CDATA[LKAB has received a permit to build a sponge iron plant]]> https://gmk.center/en/news/lkab-has-received-a-permit-to-build-a-sponge-iron-plant/ Tue, 16 Jun 2026 07:37:01 +0000 https://gmk.center/?post_type=news&p=124952 The Swedish Land and Environment Court has granted the state-owned mining group LKAB a permit covering the continuation and expansion of mining and processing operations in Malmberget. This is stated in a company press release. The decision also allows for the continuation of construction of a demonstration plant for the production of sponge iron without […]

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]]> <![CDATA[SSAB calls for improvements to the permitting process in Sweden]]> https://gmk.center/en/news/ssab-calls-for-improvements-to-the-permitting-process-in-sweden/ Mon, 25 May 2026 12:48:51 +0000 https://gmk.center/?post_type=news&p=124045 Johnny Sjöström, CEO of the steel company SSAB, is calling for the acceleration of the permitting process for industrial investments in Sweden. He made his position known after the company announced a delay in obtaining environmental permits for its planned electric arc furnace in Oxelösund. Sjöström notes the absurdity of the fact that the electrification […]

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]]> <![CDATA[SSAB is investing $350 million in a new hardening line in Ukselesund]]> https://gmk.center/en/news/ssab-is-investing-350-million-in-a-new-hardening-line-in-ukselesund/ Tue, 19 May 2026 09:45:22 +0000 https://gmk.center/?post_type=news&p=123820 Swedish steelmaker SSAB is investing 3.3 billion Swedish kronor, or about $350 million, in the construction of a new Q&T hardening line at its site in Ukselesund. The project is intended to expand SSAB Special Steels’ capacity for producing its most profitable products and support its strategy of strengthening its leadership in the premium steel […]

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]]> <![CDATA[Stegra has secured access to €1.5 billion in loans to complete the construction of the plant]]> https://gmk.center/en/news/stegra-has-secured-access-to-e1-5-billion-in-loans-to-complete-the-construction-of-the-plant/ Thu, 14 May 2026 12:42:42 +0000 https://gmk.center/?post_type=news&p=123681 The Swedish company Stegra has reached an agreement with its creditors to unlock approximately €1.5 billion in unused credit lines to complete construction of the world’s largest green steel plant. Together with recently secured equity financing, this should ensure the continued implementation of the large-scale project in the city of Boden in northern Sweden. This […]

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]]> <![CDATA[The Swedish steel market in 2026: an overview and outlook]]> https://gmk.center/en/posts/the-swedish-steel-market-in-2026-an-overview-and-outlook/ Thu, 14 May 2026 06:00:16 +0000 https://gmk.center/?post_type=posts&p=123613 Demand for finished steel in Sweden is entering a period of steady recovery after several years of stagnation. A unique public-private partnership model has laid the foundation for this process. The government is covering up to 15% of the costs associated with the green transformation of the steel industry and is investing billions of euros […]

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]]> <![CDATA[Marcegaglia Stainless is investing in production capacity in Northern Europe]]> https://gmk.center/en/news/marcegaglia-stainless-is-investing-in-production-capacity-in-northern-europe/ Fri, 08 May 2026 11:26:59 +0000 https://gmk.center/?post_type=news&p=123433 Marcegaglia Stainless, a division of the Italian steel group Marcegaglia, is expanding its capacity in Northern Europe and its range of long products at its plant in Fagerås, Sweden. The company is also investing in its facility in Sheffield, UK. This was reported by Kallanish. The melting shop in Sheffield will be shut down from […]

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]]> <![CDATA[SSAB increased steel production by 3.3% y/y in Q1]]> https://gmk.center/en/news/ssab-increased-steel-production-by-3-3-y-y-in-q1/ Wed, 29 Apr 2026 09:17:13 +0000 https://gmk.center/?post_type=news&p=123081 Swedish steel producer SSAB reported increased production figures and improved product shipments for the first quarter of 2026, driven by a recovery in demand in Europe and a stable market in North America. This is stated in the company’s report. Steel production in January–March totaled 2.01 million tons, up 3.3% compared to the same period […]

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]]> <![CDATA[Stegra has secured €1.4 billion in financing to complete construction of its plant]]> https://gmk.center/en/news/stegra-has-secured-e1-4-billion-in-financing-to-complete-construction-of-its-plant/ Tue, 14 Apr 2026 14:50:40 +0000 https://gmk.center/?post_type=news&p=122568 Swedish startup Stegra has secured €1.4 billion in funding from new and existing investors, ensuring the completion of its flagship green steel plant in Boden. This was announced in a company statement. The funding round is led by Wallenberg Investments, which has formed a consortium of investors (including Temasek and IMAS)—thanks to this deal, it […]

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]]> <![CDATA[LKAB will temporarily shut down one of its pellet plants in Kiruna]]> https://gmk.center/en/news/lkab-will-temporarily-shut-down-one-of-its-pellet-plants-in-kiruna/ Mon, 30 Mar 2026 09:22:35 +0000 https://gmk.center/?post_type=news&p=122045 The Swedish mining company LKAB is changing its production plan at the Kiruna deposit to ensure safe and stable operations in the long term. Due to local mining and geological conditions, the company is forced to adjust the mining sequence, which will temporarily reduce the volume of raw materials for the pellet plants, according to […]

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]]> <![CDATA[Turkey’s Koç Group has become one of Stegra’s new shareholders]]> https://gmk.center/en/news/turkey-s-koc-group-has-become-one-of-stegra-s-new-shareholders/ Wed, 11 Mar 2026 09:43:28 +0000 https://gmk.center/?post_type=news&p=121230 According to the financial publication Dagens Industri, Swedish green steel startup Stegra has issued a total of 850 million new shares to finance the construction of its plant. This issue increased the total number of the company’s shares by 23%, and among the new shareholders is Koç Group, Turkey’s largest industrial conglomerate. According to Stegra’s […]

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]]> <![CDATA[SSAB’s investment in Luleå recognized as a strategic zero-emission project]]> https://gmk.center/en/news/ssab-s-investment-in-lulea-recognized-as-a-strategic-zero-emission-project/ Mon, 26 Jan 2026 13:38:45 +0000 https://gmk.center/?post_type=news&p=119207 SSAB’s investment in a new steel mill in Luleå has been recognized as a strategic zero-emission project under the European Net-Zero Industry Act. This is stated in the company’s announcement. “The decision, announced by the Swedish Agency for Economic and Regional Growth (Tillväxtverket), confirms that the project is considered to be of great importance for […]

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]]> <![CDATA[Tibnor to acquire Finnish steel distributor Ovako Metals Oy]]> https://gmk.center/en/news/tibnor-to-acquire-finnish-steel-distributor-ovako-metals-oy/ Fri, 19 Dec 2025 08:12:11 +0000 https://gmk.center/?post_type=news&p=117938 Tibnor, a subsidiary of Sweden’s SSAB, has signed an agreement with Ovako to acquire Finnish steel and metals distributor Ovako Metals Oy. The completion of the transaction is subject to approval by the Finnish competition authorities, according to a press release from SSAB. The planned acquisition will enable Tibnor to strengthen its position in the […]

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]]> <![CDATA[Stegra received a $41 million government grant from Sweden]]> https://gmk.center/en/news/stegra-received-a-41-million-government-grant-from-sweden/ Thu, 27 Nov 2025 09:45:54 +0000 https://gmk.center/?post_type=news&p=116721 Swedish green steel startup Stegra, which is seeking additional funding for its project, has received a government grant of SEK 390 million ($40.9 million, approximately €37 million). The support currently received by the company is provided under the Industriklivet (“Industrial Leap”) program and has been preliminarily approved by the European Commission, with funding provided by […]

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]]> <![CDATA[Stegra creditors select consultant amid funding shortage]]> https://gmk.center/en/news/stegra-creditors-select-consultant-amid-funding-shortage/ Wed, 29 Oct 2025 09:58:39 +0000 https://gmk.center/?post_type=news&p=115108 A group of creditors of Swedish startup Stegra (formerly H2 Green Steel) has turned to global investment bank Houlihan Lokey for advice as the company faces a funding shortfall, Bloomberg reports. The parties did not comment on this information to the agency. Stegra is seeking up to €975 million in new financing to cover higher-than-expected […]

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]]> <![CDATA[Hy24 confirms participation in the new financing round of the green project Stegra]]> https://gmk.center/en/news/hy24-confirms-participation-in-the-new-financing-round-of-the-green-project-stegra/ Mon, 27 Oct 2025 13:41:12 +0000 https://gmk.center/?post_type=news&p=115002 French hydrogen technology investor Hy24 has confirmed its participation in a new round of financing for Swedish startup Stegra AB (formerly H2 Green Steel), which is building the world’s largest green steel plant. The company is raising up to €975 million in investments to cover higher-than-expected construction costs, infrastructure development, and compensation for delays in […]

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]]> <![CDATA[LKAB increased iron ore production by 14.7% y/y in January-September]]> https://gmk.center/en/news/lkab-increased-iron-ore-production-by-14-7-y-y-in-january-september/ Fri, 24 Oct 2025 11:53:20 +0000 https://gmk.center/?post_type=news&p=114909 Swedish mining company LKAB increased its iron ore production by 14.7% year-on-year – to 19.4 million tons in January-September 2025. Supplies increased by 23.7% year-on-year to 18.8 million tons, according to the report. In the third quarter, the company produced 6.9 million tons of iron ore, which is 41% more than in the same period […]

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]]> <![CDATA[SSAB postpones startup of electric arc furnace in Ökselosund until 2027]]> https://gmk.center/en/news/ssab-postpones-startup-of-electric-arc-furnace-in-okselosund-until-2017/ Fri, 24 Oct 2025 07:49:00 +0000 https://gmk.center/?post_type=news&p=114866 Swedish steelmaker SSAB has postponed the launch of an electric arc furnace (EAF) at its Oxelosund steel plant until early 2027. Initially, the company planned to complete the modernization and start producing steel at the end of 2026, but the schedule was shifted due to delays in the implementation of energy infrastructure, the company said […]

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]]> <![CDATA[Stegra engages restructuring expert to help find financing]]> https://gmk.center/en/news/stegra-engages-restructuring-expert-to-help-find-financing/ Tue, 21 Oct 2025 07:30:15 +0000 https://gmk.center/?post_type=news&p=114668 Swedish startup Stegra (formerly H2 Green Steel) has appointed a restructuring expert to its board of directors as the company struggles to avert a financial crisis, Bloomberg reports. The company recently announced a new round of financing, planning to raise an additional €975 million ($1.1 billion) to cover higher-than-expected project and infrastructure costs and to […]

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]]> <![CDATA[Stegra has launched a new round of financing for a green steel plant in Sweden]]> https://gmk.center/en/news/stegra-has-launched-a-new-round-of-financing-for-a-green-steel-plant-in-sweden/ Tue, 14 Oct 2025 06:43:42 +0000 https://gmk.center/?post_type=news&p=114390 Swedish startup Stegra (formerly H2 Green Steel) has announced a new round of financing for the construction of the world’s first large-scale green steel plant in Boden. Production is planned using hydrogen produced on site from renewable energy. According to Reuters, the company plans to raise additional funding of up to €975 million ($1.1 billion). […]

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]]> <![CDATA[Stegra increased its operating losses in 2024]]> https://gmk.center/en/news/stegra-increased-its-operating-losses-in-2024/ Wed, 23 Jul 2025 10:37:55 +0000 https://gmk.center/?post_type=news&p=111736 Steel startup Stegra, formerly known as H2 Green Steel, reported operating losses of just over SEK 2 billion ($209 million) for 2024, compared to SEK 657 million a year earlier. This was reported by Ny Teknik. At the same time, CEO Henrik Henriksson sees this as a positive indicator that the project in Boden, Sweden, […]

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]]> <![CDATA[Stegra and LKAB agree on test deliveries of pellets]]> https://gmk.center/en/news/stegra-and-lkab-agree-on-test-deliveries-of-pellets/ Thu, 15 May 2025 11:19:48 +0000 https://gmk.center/?post_type=news&p=109129 Metallurgical startup Stegra (formerly known as H2 Green Steel) and Swedish mining company LKAB have reached an agreement in principle and plan to jointly carry out test deliveries of iron ore pellets at the end of 2026, after the completion of railroad track work. This is stated in a press release from Stegra. The pellets […]

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]]> <![CDATA[SSAB increased rolled steel production by 6.3% y/y in Q1]]> https://gmk.center/en/news/ssab-increased-rolled-steel-production-by-6-3-y-y-in-q1/ Wed, 30 Apr 2025 12:08:27 +0000 https://gmk.center/?post_type=news&p=108538 In January-March 2025, the Swedish steel company SAAB increased its rolled steel production by 6.3% compared to the same period in 2024, to 1.778 million tons. Compared to the previous quarter, the figure increased by 9.1%, according to the company’s quarterly report. Steel production by the company’s enterprises increased by 0.3% y/y and 4.3% q/q […]

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]]> <![CDATA[LKAB increased iron ore shipments by 2.2 times y/y in Q1]]> https://gmk.center/en/news/lkab-increased-iron-ore-shipments-by-2-2-times-y-y-in-q1/ Mon, 28 Apr 2025 09:41:14 +0000 https://gmk.center/?post_type=news&p=108410 In January-March 2025, Swedish mining group LKAB increased shipments of iron ore by 2.2 times compared to the same period in 2024, to 6.5 million tons. Pellets accounted for 91% of shipments (95% in Q1 2024), according to the company’s interim report. By contrast, production of iron ore products decreased slightly over the period, by […]

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]]> <![CDATA[SSAB to build a new cold rolling complex in Luleå]]> https://gmk.center/en/news/ssab-to-build-a-new-cold-rolling-complex-in-lulea/ Mon, 07 Apr 2025 07:18:05 +0000 https://gmk.center/?post_type=news&p=107425 Swedish steelmaker SSAB has signed an agreement with Germany’s SMS Group to supply equipment and process automation for a new cold-rolled steel production facility in Luleå. The project is part of the construction of a modern mini-mill, which the company decided on in April 2024 as part of its transformation to carbon-free steel production, according […]

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]]> <![CDATA[LKAB reduced iron ore production by 13.3% y/y in 2024]]> https://gmk.center/en/news/lkab-reduced-iron-ore-production-by-13-3-y-y-in-2024/ Tue, 01 Apr 2025 08:10:50 +0000 https://gmk.center/?post_type=news&p=107179 LKAB International Mining Group reduced iron ore production by 13.3% year-on-year to 22.7 million tons in 2024. This is stated in the company’s annual sustainability report. As noted, the indicator was affected by several long-term production stoppages. Significant accidents on the iron ore railway line in early 2024 affected the supply volumes, which in 2024 […]

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]]> <![CDATA[Swedish Ovako launches new energy-efficient furnace in Boxholm]]> https://gmk.center/en/news/swedish-ovako-launches-new-energy-efficient-furnace-in-boxholm/ Fri, 28 Mar 2025 12:29:20 +0000 https://gmk.center/?post_type=news&p=107061 Swedish steel company Ovako has taken an important step in the development of sustainable steel production by opening a new energy-efficient furnace in Bokholm. Investments in the project amounted to SEK 60 million, and its launch will reduce energy consumption by 50% and reduce carbon dioxide emissions by 6-7 thousand tons per year, the company […]

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]]> <![CDATA[SSAB to install electric arc furnace at Uxelsund plant by 2026]]> https://gmk.center/en/news/ssab-to-install-electric-arc-furnace-at-uxelsund-plant-by-2026/ Mon, 10 Mar 2025 09:40:49 +0000 https://gmk.center/?post_type=news&p=106101 Swedish steelmaker SSAB has announced the installation of an electric arc furnace (EAF) at its Uxelsund plant. This step is part of a large-scale transformation of steel production aimed at reducing CO2 emissions. The new furnace is expected to be operational by the end of 2026, replacing traditional blast furnaces. “This is an important step […]

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]]> <![CDATA[Swedish Hybrit successfully completes a pilot hydrogen storage project]]> https://gmk.center/en/news/swedish-hybrit-successfully-completes-a-pilot-hydrogen-storage-project/ Sun, 02 Mar 2025 07:20:49 +0000 https://gmk.center/?post_type=news&p=105886 Sweden’s Hybrit, a joint venture between steelmaker SSAB, mining company LKAB, and energy company Vattenfall, has completed a pilot hydrogen storage project, as reported to the Swedish Energy Agency. This is stated in the company’s message. According to the company, the results of the project show the technical feasibility of storing hydrogen for metallurgical production […]

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]]> <![CDATA[SSAB receives approval for environmental modernization of steel plant in Luleå]]> https://gmk.center/en/news/ssab-receives-approval-for-environmental-modernization-of-steel-plant-in-lulea/ Fri, 20 Dec 2024 08:15:42 +0000 https://gmk.center/?post_type=news&p=103633 Swedish steel company SSAB has received permission from the Land and Environmental Court in Umeå to build and operate a mini-mill in Luleå to replace the existing steel complex. This is stated in the company’s press release. This project will allow the company to move to carbon-free steel production, significantly reduce its impact on the […]

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]]> <![CDATA[SSAB receives €126 million for transition to carbon-free steel production]]> https://gmk.center/en/news/ssab-receives-e126-million-for-transition-to-carbon-free-steel-production/ Thu, 05 Dec 2024 09:38:45 +0000 https://gmk.center/?post_type=news&p=103155 Swedish steel company SSAB is receiving SEK 1.45 billion (€126 million) in funding from the Just Transition Fund, established by the European Union to support the environmental transformation of industry. The funding also includes national assistance from the Swedish Agency for Economic and Regional Growth, the company said in a press release. The purpose of […]

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]]> <![CDATA[SMS Group to install one of the largest EAFs for Swedish SSAB]]> https://gmk.center/en/news/sms-group-to-install-one-of-the-largest-eafs-for-swedish-ssab/ Sun, 01 Dec 2024 08:03:04 +0000 https://gmk.center/?post_type=news&p=102984 Swedish steelmaker SSAB has selected Germany’s SMS Group to build a new 190-ton electric arc furnace (EAF), which will be one of the largest such units in the world. This is stated in the message of SMS Group. The new furnace will be located in Ökseläsund, Sweden, and is scheduled to start operating in the […]

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]]> <![CDATA[Stegra is considering the construction of a pelletizing plant in Sweden]]> https://gmk.center/en/news/stegra-is-considering-the-construction-of-a-pelletizing-plant-in-sweden/ Wed, 02 Oct 2024 11:51:14 +0000 https://gmk.center/?post_type=news&p=100934 Metallurgical startup Stegra (formerly H2 Green Steel), the Port of Narvik and Kaunis Iron, which operates an iron ore mine in Pajala, Sweden, have signed an agreement to explore the possibility of building a pelletizing plant. This is stated in the message of Stegra. As part of the project, the partners aim to create sustainable […]

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]]> <![CDATA[Stegra receives first €100 million of Swedish state aid]]> https://gmk.center/en/news/stegra-receives-first-e100-million-of-swedish-state-aid/ Fri, 20 Sep 2024 09:57:18 +0000 https://gmk.center/?post_type=news&p=100554 Steel startup Stegra, formerly known as H2 Green Steel, has received the first €100 million in state aid from the Swedish government. The company said in a statement. The total amount of this support package approved by the European Commission is €265 million. According to Stegra CEO Henrik Henriksson, the allocation of funds signals that […]

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]]> <![CDATA[Swedish GreenIron raises $9.2 million to build DRI plant]]> https://gmk.center/en/news/swedish-greeniron-raises-9-2-million-to-build-dri-plant/ Wed, 31 Jul 2024 08:17:05 +0000 https://gmk.center/?post_type=news&p=99269 Swedish startup GreenIron has raised funding of up to SEK 100 million ($9.2 million) to build a hydrogen-based direct reduced iron plant in Sandviken. This is reported by H2 View. The financing is provided by additional capital from GreenIron’s shareholders. The next round is expected within the next six to nine months. The plant is […]

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