Marcegaglia and Danieli Finalize €450M Steel Plant Agreement in France

Marcegaglia and Danieli have committed to a €450 million agreement to establish a steel production and rolling facility as part of the Mistral Project in Fos-sur-Mer, France. The facility aims to produce over 2 million tons of electric arc furnace steel and 3 million tons of hot-rolled coils annually, fulfilling 35% of Marcegaglia's coil and slab requirements.

This investment is part of a larger €1 billion modernization effort, targeting an 80% reduction in greenhouse gas emissions through low-emission materials. Final investment decisions are anticipated by late 2026, contingent on regulatory approvals. This project could significantly enhance regional production capabilities while addressing environmental concerns.