Major Swedish green steel producer dismisses 'Northvolt concerns':'Our case has become stronger'
14 maj 2025
11:52
Northvolt's bankruptcy is raising questions about sister company Stegra's multi-billion euro green steel project. But Stegra's CEO Henrik Henriksson says their case has become 'stronger', with margins 'double' those of existing steel industry.
Stegra, previously known as H2 Green Steel, is one of Sweden's largest green projects currently underway, and in an interview on Wednesday with the newspaper Dagens Industri, the company's CEO Henrik Henriksson discusses the green steel company's multi-billion project in Boden.
The green mega-project shares the same founder, financing model, and even some owners and customers as battery producer Northvolt, which went into administration earlier this year.