The flurry of development cranes is seen from far alongside the street, piercing the forest of birch and pine bushes. On website, development automobiles crisscross filth tracks stretching a number of hundred meters, elevating mud as they transport rubble and supplies. Welcome to Boden, in Sweden’s far north, on the location of the long run “inexperienced” metal mill by the Stegra group.
This city of practically 30,000 inhabitants is a 10-hour drive from Stockholm and 80 kilometers from the Arctic Circle. Missing main vacationer points of interest, based on journey guides, it’s primarily identified for its army fort, one of many final in Lapland, energetic throughout each world wars and closed within the 2000s. It might quickly be well-known for its metal mill, situated on the outskirts of the town, the primary to be constructed from scratch on the European continent in half a century.
Based in 2020, the start-up H2 Inexperienced Metal launched development at Boden two years later. In 2024, it adopted a brand new identify, Stegra – which suggests “to lift” in Swedish – as a logo of its challenge’s rise. The commercial stakes are excessive: If it really works out, Boden’s metal mill might develop into a showcase for a profitable power transition in European steelmaking; if it fails, it might be remembered as one other Swedish industrial mirage after the collapse of electrical battery producer Northvolt in March, the most important chapter within the nation’s financial historical past.
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