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Sweden-based green steel producer Stegra and its lenders have reached an agreement to unlock an additional SEK 1.5 billion in debt financing for the company's low-carbon steel project in Boden. HDT580X+Z Hot dip galvanized steel , This funding is expected to support the ongoing construction and development of the plant. As the company advances one of Europe's key low-carbon steel projects, this additional debt financing will strengthen its financial position.
Stegra is developing an integrated project combining green hydrogen and steel production, aiming to manufacture steel with significantly lower CO2 emissions compared to traditional blast furnace methods. The project relies on renewable electricity, green hydrogen, and direct reduced iron (DRI) technology. HDT580X+Z Hot dip galvanized steel , All lenders participating in Stegra’s financing package—totaling over €4 billion—have agreed to expand the company's access to existing credit facilities.
Previously, certain funds were inaccessible because financing conditions for specific projects had not yet been met. HDT580X+Z Hot dip galvanized steel , The agreement also includes revised repayment terms, allowing the company to temporarily cover a portion of interest payments through additional debt financing structured as payment-in-kind. In April, Stegra also secured approximately €1.4 billion in new financing from investors, including Wallenberg Investments.
