Stegra says needs extra capital for giant green steel plant, appoints Wallenberg executive as new CEO

Swedish green steel startup Stegra today said it would need extra capital to finish construction of a giant green steel plant, as it appointed an executive with a key investor as its new CEO. Stegra said additional capital will be needed for Europe's first hydrogen-fuelled steel plant, located in Boden, Sweden, as the estimated costs of completing it are “significantly higher” than expected in June this year, following a review involving external advisors. It said the cost increases are mainly d