Marcegaglia increases investment in the restart of its plant in France to €800 million

The Italian steel group Marcegaglia has announced an increase in investment in the restart of its steel plant in FOS-sur-Mer (southern France), formerly known as Ascometal, to €800 million. The investment is aimed at partial vertical integration of production in an unstable market and growing supply chain risks, said Antonio Marcegaglia, the group’s president, at the Made in Steel conference in Milan.

The project envisages that stainless steel production will remain at the facility in Sheffield (UK), while re-rolling will be concentrated in FOS-sur-Mer. Once operational, the facility will supply approximately 30% of Marcegaglia’s coils and slabs needs, which is especially important amid unstable supplies and declining steel production in the EU.

“We see this project as a strategic step to strengthen our supply independence. In the current environment, it is reasonable to partially integrate the production chain to reduce risks in the medium and long term,” Marchegaglia commented.

The company is also in talks with the French government and energy company EDF on long-term electricity contracts.

Amid the uncertain situation on the steel market in Europe, Marcegaglia remains cautiously optimistic. According to the group’s president, demand in 2025 will be roughly at the same level as last year, and prices will stabilize at a slightly higher level than in 2024. Seasonal growth in demand, import restrictions due to CBAM, anti-dumping duties and safeguard measures will support the domestic market.

In March, Marcegaglia announced plans to invest €750 million to modernize and restart its steel plant in FOS-sur-Mer, which was acquired in June 2024. The event is expected to create 380 new jobs and retain 320 existing ones.

  • Companies

Metinvest has created protective armor for Patriot air defense systems

As part of the Steel Front initiative, Metinvest Group has manufactured and installed special protective…

Saturday June 28, 2025
  • Companies

Arvedi Group raises €900 million to expand production and decarbonize

Italian steel company Arvedi Group has raised €900 million in financing to implement a large-scale…

Friday June 27, 2025
  • Global Market

Domestic demand for steel in China continues to fall

Domestic demand for steel in China, according to market participants' estimates, continued to fall in…

Friday June 27, 2025
  • Industry

Construction works performed in Ukraine in January-April fell by 13% y/y

The index of construction work performed in Ukraine in January-April 2025 decreased by 13% compared…

Friday June 27, 2025
  • Global Market

Emissions in China’s steel industry sector rose by 17.9% y/y in May

In May 2025, Chinese steel enterprises belonging to the CISA industry association increased their total…

Friday June 27, 2025
  • Industry

The European Commission has adopted a new state aid system for clean industry

On June 25, the European Commission adopted a new state aid system to support the…

Friday June 27, 2025