By Dominic Chopping

STOCKHOLM--Swedish steelmaker SSAB has signed a letter of intent with John Deere Forestry to supply fossil-free steel for use in the production of forest machinery.

SSAB's fossil-free steel replaces the coking coal traditionally used for iron ore-based steelmaking with fossil-free electricity and hydrogen. It aims to deliver fossil-free steel to the market at commercial scale during 2026.

John Deere Forestry will replace some of the steel used in the manufacture of forest machinery with sustainably made steel from 2026 onward.

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(END) Dow Jones Newswires

04-10-24 0401ET