Stegra, a visionary in the steel industry, is reshaping steel production with a pioneering and sustainable approach that significantly reduces its climate impact. The project involves the construction of a state-of-the-art greenfield steel plant in Boden, Sweden, featuring innovative technologies such as a 690 MW electrolyser to produce green hydrogen. This hydrogen will replace coal as the primary reducing agent in the iron ore direct reduction process, leading to the production of green sponge iron with a carbon footprint 95% lower than traditional blast furnace methods. The process continues with the melting of the sponge iron in an Electric Arc Furnace using renewable electricity, resulting in high-quality steel. Stegra's ambitious goals include becoming the first large-scale hydrogen-based DRI producer in Europe, aiming for an annual output of 5 million tonnes of green steel by 2030. The project, backed by substantial funding and partnerships, has made remarkable progress, securing environmental permits swiftly and advancing construction milestones. By partnering with industry giants and securing key agreements, Stegra is on track to revolutionize steel production while creating thousands of jobs and significantly reducing CO₂ emissions. The project's impact extends beyond environmental benefits, contributing to the regional economy and workforce stability. With a positive outlook, Stegra exemplifies how sustainability and competitiveness can coexist, setting a new standard for the heavy industry and aligning with EU climate objectives.