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Marcegaglia and Danieli have signed a contract worth approximately €450 million for the realization of a steel production and hot rolling coil facility in Fos-sur-Mer, France. The total project capex is about €1 billion, with annual production capacity of over 2 million tonnes of steel from electric arc furnace and up to 3 million tonnes of hot-rolled coils.
“Marcegaglia et Danieli annoncent conjointement la signature d’un accord portant sur la réalisation d’un investissement stratégique dans une installation de production d’acier et de laminage à chaud de coils à Fos-sur-Mer, en France.”fos-sur-mer.marcegaglia.com
Summarized from public sources; check the original articles before acting on it.