Sandvik and SSAB Agree Deal for Fossil Free Steel Mining Equipment

Sandvik Mining and Rock Solutions and steelmaker SSAB have signed a letter of intent to secure fossil-free steel for use initially in the production of Sandvik’s loaders and trucks.

SSAB aims to deliver fossil-free steel to the market on a commercial scale during 2026, and the letter of intent ensures Sandvik secures its required volumes within SSAB’s production capacity. As a fossil-free partner to SSAB, Sandvik can also apply for early fossil-free sample deliveries of, for example, a prototype frame, loader bucket or truck box to be used in a demo or concept product.

“Sustainability is at the core of our business strategy. As the market demand for fossil-free products increases in the years ahead, this partnership will enable us to offer our mining customers solutions with a drastically reduced CO2 footprint.” said Mats Eriksson (pictured on the left), President of Sandvik Mining and Rock Solutions.

“We’re excited about supporting the sustainability journey of our customers in the mining industry. Fossil-free steel has the same high quality as traditional steel but with but with hardly any environmental impact. It will help to reduce our customers’ carbon footprint and offer a competitive advantage in the market.” said Johnny Sjöström (pictured on the right), Head of SSAB Special Steels.

For more information: https://www.rocktechnology.sandvik/en/news-and-media/news-archive/2023/11/sandvik-ssab-partner-for-future-fossil-free-steel-mining-equipment/