Vattenfall signs major supply agreement with Ovako
Vattenfall has signed an electricity supply agreement of approximately 1 TWh annually with leading Finnish steel manufacturer Ovako, enabling improved transparency and electricity cost control for Ovako.Vattenfall will supply all Ovako's production facilities in the Nordic region with electricity, the three largest being Hofors and Smedjebacken in Sweden and Imatra in eastern Finland. Ovako is committed to sustainability with their steel production based on recycled scrap, making them one of largest steel scrap recyclers in the Nordics. "We have a clear strategy for efficient