Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Volvo Cars will partner with Swedish steelmaker SSAB to test fossil-free steel for automobiles, according to a SSAB statement.

The Geely Holding-owned company is the first carmaker in the world to go for green steel HYBRIT. The Swedish carmaker will use it in a concept car in the future if the test run is successful. 


HYBRIT is part of SSAB green steel’s initiatives, which are run by Swedish miner LKAB and state-owned utility company Vattenfall.

Last year, HYBRIT tested its green steel as a coking coal replacement for fossil-free electricity and hydrogen generation, and ore-based steelmaking. Their demonstration plant will be ready by 2026


SSAB plans to develop fossil-free steel for the automobile industry in the future. 




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