Swedish Green Steelmaker Reports Wider Loss as Costs Grow

Stegra AB, which is currently constructing the world’s largest green steel plant in northern Sweden, said its operating loss grew last year as it nears the start of production.

Construction and personnel costs spiked during 2024, resulting in an operating loss of 2 billion kronor ($209 million), according to the company’s latest annual report. That compares with a loss of 657 million kronor a year earlier.