The deal foresees the supply of nuclear-sourced electricity at competitive prices for a minimum of 10 years.
With this large-scale investment exceeding €750 million, Marcegaglia plans to install an electric arc furnace (EAF), a continuous slab caster, and a state-of-the-art hot rolling mill at the Fos-sur-Mer facility. In the project’s initial phase, the plant’s annual production capacity will be increased from the current 150,000 tons to 2.1 million tons, with the potential to scale up to 2.5 million tons under favorable conditions. Production is scheduled to begin in mid-2028.
Recognized by the French government as a “major national interest project”, the investment supports decarbonized production technologies in line with environmental sustainability goals. It also aligns with France’s broader strategy to strengthen regional industrial infrastructure and expand clean energy use.
Nuclear Energy as a Path to Decarbonization
Antonio Marcegaglia, President of Marcegaglia Steel, commented:
"This letter of intent reinforces our decarbonization commitment, which benefits all of our production. It ensures the use of clean, carbon-free, stable, and competitive electricity," he said, emphasizing the vital role of nuclear energy in achieving climate neutrality especially in sectors where emissions are difficult to eliminate.
The signing ceremony took place at EDF’s headquarters in Paris, with signatures from Antonio Marcegaglia and Marc Benayoun, EDF’s Executive Director for Customers and Regions. EDF Chairman and CEO Bernard Fontana also attended the event.
Marc Ferracci, France’s Minister of Industry and Energy, welcomed the agreement, calling it “a contract committed to future generations.” He described it not only as an environmental achievement, but also a strategic step to enhance France’s industrial competitiveness.
The Fos sur Mer project stands out as both a model for green transition efforts in Europe and a significant move to reinforce the role of nuclear energy in industry.
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