According to the commission, the project will facilitate the development of low-carbon-intensity steel production and incentivizes a project that likely wouldn’t be carried out without public support. 

“This EUR128 million measure enables Sweden to help SSAB accelerate its switch to electrified steelmaking at its steel plant in the Norrbotten region. This will contribute to the greening of the steel value chain, in line with the EU’s target of climate neutrality by 2050. At the same time, the measure ensures that competition is not distorted,” said Margrethe Vestager, the European Commission's executive vice president in charge of competition policy.