Italian Group Marcegaglia to Build France's First New Steel Plant in 50 Years
The company, which acquired the former Ascometal site in 2024, plans a 1.2 billion euro investment to produce over 2 million tonnes of low-carbon steel annually from 2029.
Italian steel group Marcegaglia is pressing ahead with plans to build France's first new steelworks in 50 years despite an industry-wide crisis, according to Le Monde.
The company, which acquired the former Ascometal site in Fos-sur-Mer in 2024, is investing 1.2 billion euros to construct a new plant capable of producing more than 2 million tonnes of low-carbon steel annually starting in 2029, Le Monde reported.
The project, named ‘Mistral,’ is described as significant for the Fos-sur-Mer industrial basin at a time when Europe's steel sector is facing a deep crisis, according to the newspaper.
Sources
- A Fos-sur-Mer, Marcegaglia fait fi de la crise de l’acier, et veut construire la première aciérie en France depuis cinquante ans — Le Monde — Une
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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