en.Wedoany.com Reported - Recently, Italian steel producer Marcegaglia Group awarded the design contract for its new steel plant project in Fos-sur-Mer, southern France, to Italian engineering group Danieli & C. Officine Meccaniche S.p.A. This project is a core component of Marcegaglia Group's "Mistral Plan." According to a joint press release issued by both parties on April 13, Marcegaglia Group plans to invest an additional €600 million, bringing the total investment in the French industrial complex to approximately €1.2 billion (about 9.3 billion yuan). Upon completion, the annual liquid steel production capacity will increase from the current 100,000 to 150,000 tons to 2.1 million tons, with an expected rolling capacity of 3 million tons per year.
Founded in 1959 and headquartered in Mantua, Italy, Marcegaglia Group is a leading steel processing company in Europe, specializing in the production and distribution of welded pipes, flat products, and stainless steel. It employs approximately 6,000 people globally and processes over 5 million tons of steel annually. Danieli Group, headquartered in Buttrio, Italy, is a globally renowned steel equipment manufacturer and plant engineering contractor, with operations across five continents. The new steel plant is located at the site of a former French steel mill acquired by Marcegaglia Group in 2024 (formerly owned by ArcelorMittal France), with the aim of transforming it into a modern facility integrating steelmaking and hot rolling production.
According to the project plan, the scope includes modernizing the existing electric arc furnace and introducing new technologies for carbon steel and stainless steel production and rolling. Upon completion, the new plant will fully cover internal demand for coils and slabs, primarily supplying raw materials to the group's downstream sheet mills in Europe. The final investment decision is expected by the end of 2026, subject to the completion of relevant permitting processes and finalization of conditions still under negotiation with the French government. This project is one of the key industrial investments announced during the "Choose France" summit. Once operational, the Mistral plant will strengthen Marcegaglia Group's competitive position in the European flat steel market and significantly enhance the group's self-sufficiency in upstream steel supply.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
