Sev.en Global Investments Opens the Czech Market to Green Steel from Norway. First Shipment Launches New European Sales Channel

Press Release (Prague, April 8, 2026)

The first major shipment of low-emission steel is on its way from the Norwegian fjords to the Czech Republic, bringing to the market a material that remains in short supply across Europe and has so far appeared in the country mainly in pilot projects. The delivery, totaling approximately 1,100 tons from the 7 Steel Nordic steelworks, marks the start of regular supplies and opens a new sales channel between Scandinavia and the Czech Republic.

The shipment includes reinforcing bars and wire rod, key materials for the construction sector. The Norwegian steel will be used primarily in Czech transport infrastructure, specifically in the completion of the D11 and D35 motorways, as well as in new residential developments in Prague, Brno and Ostrava.

“Our goal is to build a long-term trade channel and gradually increase volumes. We are bringing low-emission steel to the Czech market, a product that is still produced only in limited quantities worldwide. At the same time, this helps support stable production in Norway during the winter months, when demand for construction steel across the Nordic markets tends to be lower,” said Libor Černý, Head of the Steel Business at Sev.en Global Investments.

“We do not yet have low-emission steel in our portfolio, so we welcome the opportunity to broaden our supplier base. At the same time, we are confident that it meets the high-quality standards that are essential for us,” said Ivo Novák, Director of Feri, the company purchasing steel from the rolling mill in Mo i Rana, Norway.

Before Norwegian-made steel backed by a Czech owner could enter the Czech market, it underwent a homologation process that confirmed compliance with all technical and regulatory requirements at the end of 2025. In the first quarter of this year, the plant in Mo i Rana was already producing reinforcing steel for the Czech market, which naturally complements the Nordic countries for 7 Steel Nordic and represents an opportunity for further growth.

“The Czech Republic is the first country in Central Europe to which we will export low-emission steel. In production, we use the most environmentally responsible technologies currently available. We recycle scrap steel and melt it in Electric Arc Furnaces powered by hydroelectricity,” said Halvard Meisfjord, Sales Manager at 7 Steel Nordic.

Thanks to its advanced production technology, 7 Steel Nordic generates CO₂ emissions that are 97 percent lower than those associated with traditional steelmaking based on metallurgical coal and iron ore.

The company produces around 700,000 tons of steel annually and recycles approximately 770,000 tons of steel scrap. That is equivalent to melting down two Eiffel Towers every week and transforming them into entirely new materials used primarily in construction, infrastructure and railways, as well as in projects such as wind farm development. Steel is one of the most recyclable materials in the world and can be recycled repeatedly without any loss of quality.

About 7 Steel Nordic

7 Steel Nordic, acquired by the investment group Sev.en Global Investments in 2025, is one of the leading steel companies in the Nordic region. The company focuses on the production of reinforcing steel with a minimal carbon footprint and has long been a leader in sustainable solutions for the steel industry.

The 7 Steel Nordic group consists of:

7 Steel Nordic Manufacturing – the key manufacturing entity and a leading producer of reinforcing steel in the Nordic countries, with a foundry and rolling mill in Mo i Rana, Norway
7 Steel Service – companies providing final processing of reinforcing steel in the markets of Norway, Sweden, Finland, and Denmark
7 Steel Nordic Recycling – the group’s recycling division, headquartered in Sweden, which handles the collection and processing of scrap metal from across the Nordic region and its reintroduction into production.

About Sev.en Global Investments

Sev.en Global Investments is an investment group headquartered in the Czech Republic that seeks opportunities across a range of industries, particularly in power generation, mining and mineral processing, as well as oil and gas extraction. Sev.en GI operates on three continents – Europe, Australia, and the United States.

European business encompasses:

Power generation company InterGen, with 4 gas-fired power stations in the United Kingdom: Coryton, Spalding, Rocksavage, and Spalding Energy Expansion.
7 Steel UK – the third largest steel producer in the United Kingdom and the largest scrap recycler. It focuses on the production of low-emission steel in electric arc furnaces.
7 Steel Nordic

Australian portfolio includes:

Delta with the Vales Point Power Station and Chain Valley Colliery coal mine
SO4 company – premium green potash fertilizer producer
Sev.en Royalties with mining rights in two regions.

In the United States, Sev.en GI is the owner of:

met-coal mining company Blackhawk Mining with annual coal production of around 9 million tons
Golden Eagle Land Company, which holds mining rights to more than 2 billion tonnes of coal reserves.

Sev.en Global Investments is part of the Sev.en Group whose beneficiary is Mr. Pavel Tykač, a prominent Czech entrepreneur and investor, ranked among the top 400 World´s wealthiest people in the Forbes Real Time Billionaires.

Media Contact:
Veronika Diamantová
Head of Communication, Sev.en GI
e-mail
+420 775 299 337