Stegra completes $1.6 billion funding for green steel plant in Sweden

Swedish green steel startup Stegra has completed a $1.6 billion funding round, strengthening one of Europe’s biggest industrial decarbonization projects. Swedish startup Stegra has completed a €1.4 billion ($1.6 billion) funding round for its green steel project in northern Sweden, providing a major boost to one of Europe’s largest low-carbon industrial ventures, Reuters reported.