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Italy’s Marcegaglia has reportedly signed a €450 million equipment supply agreement with steel plant manufacturer Danieli to build new steelmaking and flat-rolling facilities in Fos-sur-Mer, France. JIS G 3313 SEFC340H steel strip, The Italian steel processor aims to secure upstream supplies and reduce carbon emissions by utilizing scrap steel as a feedstock.
The two companies announced on April 14 that the "Mistral Project"—which entails a total investment of approximately €1 billion—will have an annual liquid steel capacity exceeding 2 million tonnes and an annual output of up to 3 million tonnes of hot-rolled stainless and carbon steel coils once operational. JIS G 3313 SEFC340H steel strip, The facility will meet roughly 35% of the Marcegaglia Group's total demand for coils and slabs, primarily supplying the company's downstream plants in Italy. This investment marks the Marcegaglia Group's largest upstream integration project to date and reflects the mounting pressure on European steelmakers to cut emissions while maintaining supply chain competitiveness.
According to Mysteel, the plant will utilize scrap steel, low-carbon hot-briquetted iron (HBI), and energy from nuclear and renewable sources, resulting in up to an 80% reduction in greenhouse gas emissions compared to traditional blast furnace steelmaking. JIS G 3313 SEFC340H steel strip, The facility will feature a state-of-the-art electric arc furnace, a single-strand continuous caster for producing heavy slabs, and a conventional hot strip mill; the equipment is designed to handle diverse feedstock combinations to produce a wide range of flat steel grades. Negotiations are reportedly in the advanced stages, with a final investment decision expected by the end of 2026, subject to the completion of permitting processes and the progress of discussions with relevant French authorities.
