Volvo Cars signs recycled steel deal with SSAB

Volvo Cars has signed a new agreement with Swedish steel firm SSAB for the supply of recycled and near zero-emissions steel starting from 2025.

Volvo Cars says it is the first car maker to sign a supply agreement for recycled, near zero-emissions steel for serial production deliveries.

The recycled steel will be used in selected components of the forthcoming, fully electric EX60 SUV, as well as other cars based on Volvo Cars’ next-generation SPA3 car architecture.

Crucially, Volvo says this recycled steel meets the same safety-related requirements as for primary steel in terms of strength and durability.

SSAB’s closed loop system recycles scrap steel, significantly reducing CO₂ emissions and keeping materials and natural resources in use for longer.

Compared with traditionally produced steel in Europe, SSAB claims its recycled steel generates almost 100 per cent less CO₂ emissions in own operations and is made with a recycled content of almost 100 percent.

“Steel is an important material to ensure the safety, strength and durability of our products and traditionally it’s a significant contributor to our carbon emissions,” said Francesca Gamboni chief supply chain and manufacturing officer at Volvo Cars.

“By signing this agreement, we have taken an important step in reducing the impact on the environment and increase the awareness for using recycled materials within our supplier network.”