Green steel scaleup Stegra needs more cash – CEO steps down
30 Sept 2026
11:14
Swedish green steel scaleup Stegra is changing CEO, with Henrik Henriksson stepping down and former Saab CEO Håkan Buskhe taking over.
The company, which closed a €1.4bn round earlier this year, also says its current funding will not cover the project.
The company, which closed a €1.4bn round earlier this year, also says its current funding will not cover the project.
Stegra's steel plant in Boden needs more capital than estimated, the company said on Wednesday after a 100-day review under its new owners and board.
The plant is designed to make steel using hydrogen instead of coal, according to the company.