Energy consumption and CO2 emissions is an ever-present issue for energy intensive industries, such as the steel industry. The work for reducing the environmental impact is a strong interest among the governments in Europe and the 20-20-20 targets, decided by the EU, set the targets for the year 2020 to increase energy efficiency by 20 %, reduce greenhouse gas emissions by 20 %, and increase the use of renewable energy to 20 %. It is therefore important for the steel industry, and other industries, to continuously be working on development of concepts for decreasing the environmental impact, which are also financially viable. This paper presents the work that has been conducted in order to evaluate the potential benefits regarding energy- & cost saving and CO2 mitigation, when recovering and utilizing low temperature waste heat at an integrated steel plant in Sweden, SSAB EMEA Lulea. In order to achieve a holistic overview of the plant a process integration approach is applied to evaluate the effects that occur when applying technologies for waste heat recovery. The results indicate a potential for energy saving of 1.9 %, and a corresponding CO2 mitigation potential of 1.5 %. The calculated payback time for the applied waste heat recovery concepts, which is based on specific methods and economic assumptions, range between 1.5 - 7.0 y.