Italian steel group Marcegaglia has announced an increased investment of €800 million to restart its plant in Fos-sur-Mer, France.
The project aims to partially integrate production vertically, enhancing supply chain resilience amid market volatility.Once operational, the facility will supply approximately 30% of Marcegaglia’s needs for semi-finished steel and stainless steel products.
The company is also in discussions with the French government and energy provider EDF to secure long-term electricity contracts, ensuring the plant's competitiveness and sustainability.
Vietnam Steel by Hoa Sen Group
