Green steel financing is back in the spotlight after Swedish company Stegra announced a new financing round for the construction of its large-scale plant in Boden.

In a statement, the firm (formerly H2 Green Steel) said the €975m funding will cover ‘higher project costs and secure a financial buffer’. The round will comprise a mix of equity, debt, outsourcing, and strategic partnerships.

A comment was also directed to Brussels, claiming offset state grants ‘were not fulfilled’ despite approval from the EU Commission. Current Board Director Shaun Kingsbury is appointed new Chairman of the Board replacing Harald Mix, as part of the strategic changes.

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