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Stegra seeks €975 million funding for green steel plant expansion
Stegra plans €975M capital raise to scale its green steel production.
Swedish green-steel startup Stegra announced plans to raise ~€975 million (~$1.1 billion) for its Bodén facility’s expansion, pushing its hydrogen-based production capacity. The fresh capital will fund supply chain integration, plant modernization, and working capital needs. The technology aims to reduce reliance on coal by producing steel using renewable energy. Its scalable model may reposition it among global suppliers in low-carbon steel markets. Investors see this as a bet on sustainable industry transition.