UK steel users warn of higher costs South Korea seeks EU steel tariff relief Vale sees strong long-term iron ore demand India rejects steel overcapacity allegations
Italian steelmaker Marcegaglia has increased its commitment to the Fos-sur-Mer project in France, reinforcing its strategy to expand low-carbon steelmaking capacity and secure long-term raw material supply. The upgraded investment forms part of the company's flagship “Mistral Project,” which is expected to become one of the largest and most significant investments in Marcegaglia's history.
The project includes the construction of a modern steelmaking and flat-rolling complex featuring an electric arc furnace, continuous slab caster, and hot-strip mill. Once operational, the facility is expected to produce more than 2 million tonnes of liquid steel annually and up to 3 million tonnes of hot-rolled carbon and stainless steel coils. The plant will supply roughly 35% of the group's coil and slab requirements, supporting downstream operations across Italy.
A major focus of the investment is decarbonisation. The facility will utilize scrap, low-carbon DRI/HBI, and nuclear and renewable energy sources, enabling greenhouse gas emissions to be reduced by up to 80% compared with conventional steelmaking routes. The project is also designed around advanced automation, energy-efficient technologies, and strict European environmental standards. The final investment decision is expected by the end of 2026, subject to regulatory approvals and completion of ongoing negotiations with French authorities.
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