Swedish steel manufacturer SSAB is investing 3.3 billion kronor (approx. 285 million euros) in its plant in Oxelösund – the largest single investment in the company's history. The funds are expected to flow into the transformation towards fossil-free steel production, in which SSAB relies on hydrogen direct reduction instead of the blast furnace route. For construction projects with high ESG requirements, climate-neutral construction steel could become a standard specification in the future, particularly for beams and reinforcing steel according to EN 10025 and EN 10080. The investment underscores the structural transformation in the European steel sector.