Italian steel and processing company Marcegaglia has signed a contract worth about 450 million euros ($530.37 million) with equipment manufacturer Danieli for the construction of a rolling mill in Fos-sur—Mer in southern France, Kallanish reports, citing the company.
A final investment decision on the project is expected by the end of 2026, subject to the completion of the permitting process.
The total investment in the plant, known as the Mistral project, will amount to about 1 billion euros, which will be the largest investment in Marcegaglia's history, a company source confirms. The plant's capacity will be up to 3 million tons of hot-rolled stainless and carbon steel coils per year, which will provide approximately 35% of the group's total roll and slab needs. The products will be supplied mainly to processing plants in Italy.
The new mill will be equipped with an electric arc furnace, a single-thread continuous casting machine for thick slabs, and a hot strip machine. This will ensure "maximum flexibility through the use of various loading mixtures, stable production performance, consistent product quality and operational reliability for a wide range of flat steel grades," the company explains in a statement.
The use of scrap metal, low-carbon HBI, as well as nuclear and renewable energy is expected to reduce greenhouse gas emissions by up to 80% compared with traditional steelmaking methods.
The complex will be designed in accordance with European environmental and safety standards, using advanced automation and energy-saving technologies.
Author: Natalia Capra France
Kallanish.com
