Sweden’s new green challenger could evade the Northvolt curse
Producing steel using hydrogen instead of coal is not a technology play
Producing steel using hydrogen instead of coal is not a technology play

Stegra has been striving to avoid same fate as bankrupt Northvolt

The green steel plant of Sweden’s Stegra is being held back over delays in state aid

Investors and creditors grow twitchy as Stegra scrambles to resolve worsening funding crisis

Swedish truck group wants to retain critical battery expertise in Europe

Swedish company’s board discusses insolvency as it struggles to plug funding gap of up to €1.5bn

Steel producer may also shutter flagship Belgium biofuels plant in a blow to Europe’s bid to decarbonise heavy industry