Elina Uitto

Parties

SSAB

Transaction

Counsel to SSAB in its transformation project initiated with the decision to build a fossil-free mini-mill in Luleå, Sweden. Once completed, the new mini-mill will replace the current blast furnace-based steel production system, resulting in an estimated 7% reduction of the total CO2 emissions of Sweden.

Deal Value

EUR 4.5 billion

Role

Counsel to SSAB

Parties

SSAB

Transaction

Hannes Snellman advises SSAB in its pre-study phase project to build a Direct Reduced Iron (DRI) plant in Mississippi, USA. The contemplated DRI plant would be based on HYBRIT® technology, which is the first fossil-free (hydrogen based) steelmaking technology in the world with virtually no carbon footprint. Once operational, the plant will be the first commercial-scale facility of its kind.

Deal value

Value not public

Role

Lead counsel to SSAB in e.g. the negotiation of an EPCM contract for the project