The investment planned under the “Mistral Project” aims to strengthen supply chain integration and support the decarbonization process in steel production.
The new facility is expected to produce more than 2 million tons of liquid steel per year and up to 3 million tons of stainless and carbon steel hot rolled coils. It is stated that the production will meet approximately 35% of the Marcegaglia Group’s total coil and sheet demand.
The facility is planned to supply raw materials across a wide product range to the Group’s downstream plants in Italy. The investment will include a modern electric arc furnace, a single-strand continuous casting system for thick slabs, and a hot strip mill.
It was stated that the project is designed to increase production flexibility, operational continuity, and product quality. The facility will be equipped with advanced automation systems, optimized resource usage, and energy-efficient technologies, and will be fully compliant with European environmental and safety standards.
The use of scrap, low-carbon HBI, and nuclear and renewable energy sources is expected to provide up to an 80% reduction in greenhouse gas emissions compared to conventional steel production methods.
It is anticipated that the final investment decision will be taken by the end of 2026 at the latest, depending on the completion of permitting processes and the clarification of conditions in ongoing discussions with French authorities.
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