Steel company Stegra is reportedly running out of money within weeks and is now turning to new investors, according to sources cited by Bloomberg. The company's press chief Karin Hallstan told TT that they expect to complete a funding round in the first quarter and are in talks with several parties. According to reports, Stegra needs an additional 10 billion kronor to finish building its steel plant in Boden, Sweden, and has been intensively seeking new capital.
The information about the company's situation has been emerging over recent months.
they expect to complete a funding round in the first quarter and are in talks with several parties