Marcegaglia secures EUR 800 million for Fos-sur-Mer Steel Project

Italian steel producer Marcegaglia has secured EUR 800 million through two sustainability-linked loans to support its Fos-sur-Mer steelmaking project in France, representing the group's largest-ever industrial investment of over EUR 1 billion.

The 11-year loans, backed by Italian and French export credit agencies, will be disbursed over the next three years.

The project aims to produce 2 million tons of electric arc furnace steel and over 3 million tons of hot-rolled carbon and stainless steel coils annually.

Through upstream integration, Marcegaglia expects to meet 35-40% of its slab and coil requirements internally, strengthening supply security and reducing dependence on external suppliers.