Marcegaglia - Latest news GMK Center

The company undertakes to invest €600 million in the modernization of the plant

The company's EBITDA in 2022 reached €727 million, while net profit reached €411 million

The agreement provides for the supply of green steel H2 Green Steel to Marcegaglia enterprises

The company gained control over the SIA SD service center in Riga and subsidiaries of SD Sp.zo.o. in Poland and SD LLC in Ukraine

SD SIA controls the service center in Riga and subsidiary companies SD Sp.zo.o. in Poland and SD OOO in Ukraine

Currently, these intentions are being evaluated by the EU antimonopoly authority

In this way, the company plans to bypass the protective measures of the European Union, anti-dumping duties and the CBAM mechanism

The Italian reroller expects a rapid increase in steel prices by 8-10%