Italy’s Feralpi invested €223 million in key projects in 2024

The Italian Feralpi Group invested €223 million in various projects last year, 80% of which focused on ESG, including the electrification of processes and the production of low-carbon steels. This is stated in the company’s report on production and financial results.

These projects include the completion of a new rolling mill at the Feralpi Stahl plant in Riga (Germany), where production of coils weighing up to 8 tons for the construction market has begun. In Lonato del Garda (Italy), a new winding line was built, a new water treatment plant for the steel mill and rolling mill No. 1 was commissioned, and a photovoltaic system was installed. In Lecco (Italy), a modern Garret line for special steels was launched, expanding the range of sizes, improving product quality, and providing greater flexibility.

To cover part of its electricity needs, the group also approved investments in photovoltaic installations and is exploring projects in the wind energy sector.

Last year, the Feralpi Group increased its steel production by 6.4% year-on-year to 2.6 million tons. Revenue for 2024 fell to €1.65 billion (compared to €1.72 billion in 2023). EBITDA for the period decreased to €27.6 million (€83.2 million in 2023) due to high energy and raw material costs.

International sales accounted for 62% of total sales last year (61% in 2023). The EU accounted for 9.5% of this, with growth recorded in Poland and the Czech Republic.

In the first half of 2025, the group recorded an improvement in EBITDA in both the construction and special steel segments. In Germany, revenues increased significantly, although the market continues to be affected by a structural decline in production and strong pressure from Chinese imports.

For the current year, the group expects a return to profit, although uncertainty remains due to demand trends, price volatility, and international trade measures, including safeguard mechanisms and CBAM.

Feralpi Stahl, a subsidiary of Feralpi Grour, officially launched a new steel rolling mill in Riga with a total investment of €220 million in May this year. This is one of the largest industrial investments in green metallurgy in Germany in recent years.