stockholm swedish steelmaker ssab said on wednesday it had agreed with volvo cars to jointly explore the development of fossilfree steel for use in the automotive industrythe swedish carmaker owned by chinas geely holding will be the first car maker to source steel from green steel venture hybrit which is owned by ssab swedish stateowned utility vattenfall and swedish miner lkabthis steel will be used for testing purposes and may be used in a concept car ssab said in a statementthe hybrit project last year began test operations in sweden to replace coking coal traditionally needed for orebased steel making with fossilfree electricity and hydrogen which in turn is produced using only renewable power it aims for a demonstration plant to be ready in 2026together with volvo cars we aim to develop fossilfree steel products for cars of the future ssab said adding that volvo cars aimed to be the first carmaker to use fossilfree steel for its own actual car production