Sweden’s SSAB to supply low carbon steel to Italian crane manufacturer Fassi
Swedish steelmaker SSAB has reached an agreement with Italian crane manufacturer Fassi to supply it with low-carbon steel.
The deal includes steel produced from both iron ore and recycled scrap, SSAB Fossil-free™ steel and SSAB Zero™, which will be used in Fassi’s hydraulic and truck-mounted cranes.
SSAB Zero™ is made using recycled steel and produced with fossil-free electricity and biogas; it has been available for commercial deliveries since 2023. SSAB has also developed fossil-free steel made from iron ore using HYBRIT technology, which employs hydrogen and fossil-free energy instead of coal in the steelmaking process.
The two companies did not disclose the amount of steel included in the deal.
“We look forward to deepening our collaboration with Fassi by delivering premium high-strength steel produced with a significantly lower carbon footprint,” said Per Elfgren, head of SSAB Special Steels.
Fassi CEO Giovanni Fassi added: “Innovation is a projection towards the future. And there is no future without sustainability.”
Fassi is one of the world’s largest loader crane manufacturers. The two companies are already in partnership, with Fassi utilizing SSAB’s Strenx steel, which the company claims adds lifting power, reduces weight and extends reach for its heavy-duty cranes.
Platts, part of S&P Global Commodity Insights, assessed Northwest European hot-rolled coil carbon-accounted at Eur680/mt ex-works Ruhr Feb. 25, stable day over day.
