Marcegaglia - Latest news GMK Center

The group announced that it will invest an additional €600 million

The company attributes the price adjustment to rising costs of raw materials, energy, and logistics

The company is investing in its operations in Sweden and the United Kingdom

The project in Fos-sur-Mer will be capable of producing over 2 million metric tons of steel per year using EAF technology and up to 3 million metric tons of hot-rolled coil

The company's CEO notes that prices are already showing signs of such a recovery

The updated price list takes into account the increase in logistics and galvanized rolled steel costs for pipe production

The plant will meet 30% of the group's hot-rolled coil requirements

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

The bulk of the investment will be in the Ravenna plant, a key production and logistics center

The project in FOSS-sur-Mer will cover 30% of the company's needs for semi-finished steel and stainless steel products

French Minister of Industry and Energy Marc Ferracci visited the company's plant

The grant will support the group's €170 million investment plan