Marcegaglia will supply its plant in Fos-sur-Mer with nuclear energy from EDF for 10 years

The contract provides for the supply of stable and carbon-free energy at a competitive price

Italian steel company Marcegaglia has signed a letter of intent with French energy giant EDF for the long-term supply of nuclear power to the Marcegaglia Fos-Sur-Mer steel plant (France). This is stated in the company’s press release.

The contract provides for the supply of stable and carbon-free energy at a competitive price for at least 10 years. The agreement is expected to be finalized in the fall of 2025.

The Fos-Sur-Mer plant, acquired by Marcegaglia in June last year, will become a key facility for sustainable steel production in France. Investments of more than €750 million are planned for the modernization of the plant: increasing the capacity of the electric arc furnace, launching a new continuous slab casting machine, and building a modern hot rolling mill.

In the first phase of implementation, production is expected to increase from 150,000 to 2.1 million tons of steel per year, with the potential for further expansion to 2.5 million tons. Production is scheduled to start in mid-2028.

The project is considered to be of significant national interest to France. It aims to decarbonize heavy industry and introduce energy-efficient technologies in a sector that has traditionally been considered difficult to reduce emissions.

“With this project, we are reinforcing our commitment to climate neutrality across all of the group’s products. Nuclear energy is key to achieving decarbonization goals in industries such as ours,” said Antonio and Emma Marchegaglia.

French Minister of Industry and Energy Marc Ferracci called the signed agreement a “contract for the future” that guarantees competitiveness and stability for future generations.

As GMK Center reported earlier, Marcegaglia announced a €364 million investment in its production facilities in Italy. Most of the funds – €278 million – will be used to modernize the plant in Ravenna. Another €20 million will be invested in research and development. The rest of the investment will go to enterprises in Gazoldo degli Ippoliti and San Giorgio di Noga.