Stegra Secures €1.4 Billion to Scale Green Steel Production

The financing package gained unanimous approval from Stegra’s existing lender group, ensuring the company maintains access to previously established debt facilities. Beyond the lead investors, the funding round drew participation from a diverse group of shareholders, including Altor—which now becomes the company's second-largest stakeholder—alongside Hy24, Just Climate, and industrial partners like Scania and Kobe Steel. A group of second-lien lenders, headed by AIP Management, also shifted their involvement to become direct equity investors.

CEO Henrik Henriksson noted that the infusion provides a more resilient financial structure as the firm advances its construction efforts. While the project timeline for the Boden facility is currently under review, the company remains focused on transitioning toward full-scale green steel production. Håkan Buskhe, representing Wallenberg Investments, emphasized that the investment serves both Swedish industrial competitiveness and broader European supply security goals.