Investments
Investments in the iron and steel production plants are carried out for many different reasons. The investments are costly and the investment cycles are long. Since the year 2000, the Swedish steel industry has invested more than SEK 68 billion in its production facilities.
In September 2023, Sweden's Prime Minister Ulf Kristersson inaugurated Ovako's new hydrogen plant in Hofors, an investment of SEK 180 million and an important milestone in the work for a more sustainable steel industry. The plant is the first in the world to use fossil-free hydrogen gas for heating steel before rolling. Photo: Richard Paulsson, Ovako.
Investments in the iron and steel production plants are carried out for many different reasons. Such capital expenditure includes measures to expand production or enhance productivity; to introduce new technology for new and improved products; to improve the external or internal environment e.g. workplace health and safety; to maximise energy efficiency and to increase the use of residual products or to reduce emissions.
During 2022 the Swedish steel industry made investments totalling SEK 3.9 billion (3,3 billion in 2015-year prices). Of this amount, capital expenditure on machinery amounted to SEK 3.8 billion and on buildings and fittings to SEK 0.1 billion.
Investments in the Swedish steel industry
