Steel Production Financing
Stegra Has Closed Its €1.4 Billion Round with Wallenberg Investments
Adam Harrie — June 25, 2026
Stegra closed a €1.4 billion financing round led by a Wallenberg Investments consortium, securing capital to advance production of near-zero-emissions steel at its plant under construction in Boden, Sweden. The round brought in new investors Bolero and SEB-Stiftelsen alongside existing backers including IMAS, Temasek, Altor, Hy24 and Just Climate. Stegra's lender group fully supported the financing, with undrawn debt facilities from its 2024 financing package remaining intact.
The funding strengthens Stegra's equity ratio and overall financial position as construction progresses. The project is also supported by the EU Innovation Fund and the Swedish Energy Agency, while the company continues to review its development timeline during the build-out phase.
Stegra's financing shows how investor support for green steel is growing as the sector gains momentum as a commercially viable pathway to strengthening Europe's industrial competitiveness and energy security.
