[SMM Iron & Steel] Stegra Secures €1.4 Billion Financing for Boden Green Steel Plant

Published: Apr 16, 2026 09:11

Save

Stegra (formerly H2 Green Steel) announced on April 14, 2026, that it has reached a principal agreement for a €1.4 billion ($1.65 billion) financing round led by a Wallenberg Investments consortium. The funding ensures the continuation of construction for the world’s first large-scale green steel plant in Boden, Sweden, which utilizes green hydrogen instead of coking coal. While the original late-2025 deadline has passed, the new capital allows for a ramp-up of construction activities, with the project aiming to reduce CO₂ emissions by up to 95% compared to traditional blast furnace production.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

56 mins ago

Luoyang Molybdenum Enterprise Round A Molybdenum Concentrates Auction Price Rose 535 Yuan/mtu

[Molybdenum Flash] SMM, May 12: A molybdenum enterprise in Luoyang auctioned molybdenum concentrates in Round A, with a grade above 45%. The transaction price was 5,250 yuan/mtu, with a base price of 4,850 yuan/mtu (cash), 60 mt, at Baohuashan warehouse. The auction price in this round increased by 535 yuan/mtu compared to the auction transaction price on April 23.

56 mins ago

14 hours ago

[SMM Steel] Vnsteel expands distribution network with new Khanh Hoa warehouse

[SMM Steel] Vietnam’s Vnsteel has inaugurated a new warehouse in Khanh Hoa province as part of its strategy to strengthen nationwide logistics and distribution capabilities. The facility marks the company’s return to the South-Central Vietnam market and is expected to improve supply services for local distributors and construction projects. Vnsteel said the warehouse will also function as a regional logistics hub to enhance customer support, shorten delivery times, and strengthen its competitiveness in Vietnam’s steel market.

14 hours ago

[SMM Steel] Hoa Sen responds to Australia AD allegations on galvanized steel

[SMM Steel] Vietnam’s Hoa Sen Group stated that the alleged 56.21% dumping margin in Australia’s galvanized steel investigation is only an initial claim submitted by petitioner BlueScope Steel and not an official finding by Australian authorities. The AD probe was officially launched on April 30, with Hoa Sen and Nam Kim named in the case. Australia is expected to release its statement of essential facts by August 18 and final findings by October 2, 2026. Hoa Sen noted that in a previous Australian AD case in 2015, the company ultimately received a 0% duty rate despite an initial dumping allegation of 16.26%.

14 hours ago