02
May
12:19
Marcegaglia signs $2 billion off-take deal with H2GS
Italian steelmaker and re-roller Marcegaglia has signed a seven-year off-take agreement with H2 Green Steel (H2GS). This will see the greenfield low-carbon steelmaking project in Sweden supply Marcegaglia's plants in southern Europe, the UK and Poland with low-emissions hot and cold rolled, as well as hot-dipped galvanised coil.
The agreement has a value of €1.79 billion ($1.96 billion). Marcegaglia will receive the coils starting in 2026, Marce…
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Very good overview of the weekly steel market.
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