Stegra Receives Additional SEK 390 Million in State Support Amid Financial Crisis
Stegra steel company gains an additional SEK 390 million in state aid to stabilize finances but still seeks further funding amid its crisis.
Stegra steel company gains an additional SEK 390 million in state aid to stabilize finances but still seeks further funding amid its crisis.
Sweden’s Energy Agency awards 390 million SEK more to Stegra’s steel plant amid financial challenges and criticism from business groups opposing targeted state support.
Stegra confronts financial distress with insolvency fears while seeking nearly 2 billion SEK in additional state funding for its groundbreaking steel plant project in northern Sweden.
The EU proposes doubling steel import tariffs from 25% to 50% to protect its steel industry and jobs, replacing current measures expiring next year.
DNB Carnegie projects steel sector recovery in 2026, raising SSAB's stock target and reflecting a positive trend on the Stockholm Stock Exchange.
SSAB's future outlook remains uncertain pending European Commission's trade policy decisions.
Iron ore prices continue to rise in Sweden due to supply issues, affecting the market and economy.
SSAB's CEO outlines the company's commitment to building a unique steel plant focused on sustainability and innovation.