The letter of intent signed by the parties establishes a framework for cooperation under which Stegra’s fossil fuel-free steel products will be galvanized at Galmed Steel’s facilities. Through this agreement, Stegra aims to transform its green steel into higher-value galvanized products, thereby expanding its applications—particularly in the European market.
Leveraging Galmed Steel’s technical infrastructure and expertise in galvanization, the collaboration seeks to position Stegra’s low-carbon steel products for use in automotive, construction, and industrial applications. Both parties announced that following the signing of the letter of intent, negotiations will continue to finalize commercial and technical details.
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