Marcegaglia is not only an investor in H2 Green Steel but also an early off-take customer. 

“H2 Green Steel came in as a challenger in a traditional market a couple of years ago, and have proven with speed, perseverance, and a great team that they are a force to be reckoned with," said Antonio Marcegaglia, Marcegaglia Steel chairman and chief executive. "We believe in the partnership approach in business, and we took this approach from day one with H2 Green Steel as they are a key player for us on our decarbonization journey which is essentially all about future-proofing our business."

“This is a milestone agreement for us at H2 Green Steel and a real celebration on our journey. Not only for the value of about EUR1.79 billion, but also because of the quality player that Marcegaglia is in the steel industry. Marcegaglia have been true partners to H2 Green Steel. They challenge us every step of the way, but are incredible supporters of our team and our project," said Henrik Henriksson, chief executive officer of H2 Green Steel.

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