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The reason for the delay was the delay in connecting the power grid being built by Vattenfall

The company noted a weak market in Europe, but improved operating results in the Americas

Products are manufactured at the company's plant in the US

The modern green facility is scheduled to begin operations at the end of 2029

The company has thus completed the full financing package for its project

Since the decision on the project was made, the company has already signed three green loan agreements

Shipments of products increased by 5.9% y/y and steel production – by 0.3% y/y.

This will contribute to a significant increase in the production of high-quality steel, in particular for the automotive industry

The unit will replace the existing blast furnaces and accelerate the company's green transition

This is the company's third price increase in the last month

The American grant was to be used to build a fossil-free steel plant

The new plant will reduce CO2 emissions in Sweden by 7% and will be a step towards carbon-free production