Marcegaglia secures EUR 800 million for Fos-sur-Mer Steel Project
2026-11-10 11:37:16 [Print]
Italian steel producer Marcegaglia has secured EUR 800 million through two sustainability-linked loans to support its Fos-sur-Mer steelmaking project in France, representing the group's largest-ever industrial investment of over EUR 1 billion.
The 11-year loans, backed by Italian and French export credit agencies, will be disbursed over the next three years.
The project aims to produce 2 million tons of electric arc furnace steel and over 3 million tons of hot-rolled carbon and stainless steel coils annually.
Through upstream integration, Marcegaglia expects to meet 35-40% of its slab and coil requirements internally, strengthening supply security and reducing dependence on external suppliers.
The 11-year loans, backed by Italian and French export credit agencies, will be disbursed over the next three years.
The project aims to produce 2 million tons of electric arc furnace steel and over 3 million tons of hot-rolled carbon and stainless steel coils annually.
Through upstream integration, Marcegaglia expects to meet 35-40% of its slab and coil requirements internally, strengthening supply security and reducing dependence on external suppliers.
