Van Reenen Steel wins Swedish Steel Prize

December 6, 2010

SSAB has awarded this year's international Swedish Steel Prize to the South African company Van Reenen Steel Ltd. The company has developed a lighter and more durable body for dump trucks in the mining industry.

The purpose of the prize is to provide inspiration and to disseminate knowledge about high-strength steel and the potential for developing lighter, safer, and more environmentally sound products.

Van Reenen uses high-strength, abrasion-resistant steel to create lighter dump truck with a sustainable structure. Vehicle weight is reduced by 8 tons, or 19 percent, and environmental impact is reduced because of lower emissions.

SSAB, a provider of value-added, high-strength steel, instituted the prize in 1999.