Green steel startup Stegra downplays insolvency fears as it seeks €1 billion: 'Investors are firmly committed'
13 okt. 2025
08:55
Europe's flagship green steel startup Stegra is fighting to prove its mettle.
Amid reports that it may be facing insolvency, the company today confirmed that it is in the process of raising a new funding round equal to around €1 billion.
Amid reports that it may be facing insolvency, the company today confirmed that it is in the process of raising a new funding round equal to around €1 billion.
Swedish green steel startup Stegra has confirmed it is seeking around €1bn in fresh funding to cover rising project costs at its flagship low-carbon steel plant in Boden.
Stegra – formerly H2 Green Steel – said Monday it had secured “strong initial commitments from existing investors” and was entering a new financing round to complete its green steel plant in Boden, northern Sweden.