Italian steelmaker and processor Marcegaglia has awarded a contract worth approximately €450 million ($530.37m) to equipment maker Danieli for its coil mill project in Fos-sur-Mer, southern France, Kallanish learns from the company.
A final investment decision for the project is expected by end-2026, subject to completion of the permitting process.
The total investment for the mill, known as the Mistral Project, will amount to approximately €1 billion, the largest investment in Marcegaglia’s history, a company source confirms. The plant will have an annual capacity of up to 3 million tonnes of stainless and carbon steel hot-rolled coil, covering roughly 35% of the group’s total coil and slab requirements. Output will primarily supply its Italian downstream facilities.
The new mill will have an electric arc furnace, a single‑strand continuous slab caster producing thick slab, and a hot-strip mill. This will ensure “the utmost flexibility by applying different charging mix, stable production performance, consistent product quality, and operational robustness across a wide range of flat steel grades,” a company note explains.
The use of scrap, low-carbon HBI, and nuclear and renewable energy is expected to cut greenhouse gas emissions by up to 80% compared to conventional steelmaking routes.
The complex will be engineered to meet European environmental and safety standards, incorporating advanced automation and energy-efficient technologies.
