H2 Green Steel has signed a seven-year supply agreement valued at approximately €1.79 billion with Italian steel group Marcegaglia for the delivery of green steel from its plant in Sweden.

Target Information

H2 Green Steel has recently established a significant partnership with Marcegaglia, an esteemed Italian steel group, through a seven-year agreement for the supply of green steel. This arrangement will facilitate the delivery of green steel produced at H2 Green Steel's facility located in Boden, Sweden, to Marcegaglia's operations throughout Southern Europe, the UK, and Poland. The value of this contract is estimated to be around €1.79 billion, marking a pivotal milestone for H2 Green Steel in its business expansion.

Industry Overview in Italy

The steel industry in Italy is a crucial component of the nation's economy, characterized by a blend of traditional practices and new innovations aimed at sustainability. Italy is home to several key players that dominate the European steel market, and among them, Marcegaglia stands out not just due to its production capabilities but also for its commitment to environmentally friendly practices.

As the demand for sustainable steel rises, driven by regulations and consumer preferences, the Italian steel sector is undergoing a transformation. A growing awareness of e