Italian Feralpi earned 2.5 billion euros in 2022

In 2022, the company managed to achieve record revenues despite the gradual decline in steel demand that started in the fourth quarter. Rebar demand is expected to recover in the second half of 2023.

The company has an investment plan of around €400 million for 2022-2026. Its priority is to optimise and reduce energy costs, increase the use of renewable energy and reduce gas consumption at its subsidiaries in Italy and Germany. Feralpi is also considering setting up a new company in Italy to build two photovoltaic plants with a capacity of 100 MW and 90 MW.

Parent company Feralpi Siderurgica operates electric arc furnaces with a capacity of 1.2 million tonnes and three rebar and wire rod production plants with a total annual production capacity of 3.2 million tonnes. The Feralpi Group also operates other rolling mills in Italy and Germany.