Sweden

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Sweden reduced steel production by 6% y/y in 2022

In December, steel production in the country decreased by 20% y/y

SSAB reduced steel production by 7.5% y/y in January-September 2022

In 9 months, the company increased its net revenue by 2.07 times y/y – up to 19.11 billion Swedish crowns ($1.71 billion)

Sweden will receive an EU grant of €155.7 million for decarbonization and transformation of steel industry

Industrial regions of the country account for a significant share of greenhouse gas emissions, the main sources of which are the iron and steel industries