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Emma Marcegaglia

Chair and CEO, Marcegaglia Holding (co-owner of the group), Marcegaglia (Marcegaglia Holding / Marcegaglia Steel)

Search every verified Emma Marcegaglia interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Emma Marcegaglia, chair and CEO of Marcegaglia Holding, spoke in October 2026 at the Made in Italy Summit about the impact of rising energy costs on Italian manufacturers. She said that the price of gas had risen from about €30 to €80 before the outbreak of war and events in the Strait of Hormuz, with electricity costs up 50–70 percent, and described the situation as bordering on unsustainable for companies. Marcegaglia argued that extraordinary times require extraordinary decisions, suggesting that national commissioners should be appointed for regions that fail to make decisions, in order to unblock projects such as renewable energy installations. She also said that Italy should remain pragmatic rather than ideological, noting that international trade continues to grow despite structural changes, and advocated for free trade agreements and bringing some critical production back to Europe. In September 2026, at the Ambrosetti Forum in Cernobbio, Marcegaglia discussed the potential acquisition of the former Ilva steel plant. She said that after a Court of Appeal ruling indicated the hot-rolling part of the plant should close, 14 or 15 Italian steel companies, including her own, had formed a consortium and submitted a declaration of interest. She stated that the group was conducting due diligence to assess the state of the plants and develop a potential business plan, with the aim of saving Ilva because steel is a strategic and critical raw material for Italy. Marcegaglia also mentioned that her company had acquired a site in Fos-sur-Mer, France, where construction of an electric arc furnace steel plant would begin the following year, producing green steel for 2 million tonnes with potential to reach 3.5 million. She noted that Italy still faced competitiveness gaps, including high electricity costs and bureaucracy, while acknowledging some progress on energy policy.

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Notable quotes

“Look, in my opinion, the recipe is of this type: we cannot be naive and think, uh, we act and work as if we were, you know, let's say, in times of the past. I fear that, let's say, the open globalization we have had in past years, we won't see for a while. So, this doesn't mean closing ourselves off, being autarkic, saying we produce everything internally; it's not possible, it makes no sense. As you were saying, uh,”

“I believe that this issue of the cost of oil—which ultimately means cost for businesses in general, and for energy-intensive companies like ours in particular, it means the cost of gas and electricity—is having an enormous impact. As we know, the cost of gas went from about €30 to €80 before the outbreak of the war and what happened in the Strait of Hormuz; today it is a bit lower, 73-75, so you understand, it's enor”

“Non sono mai stata una fan che sia lo Stato a dire questi settori sono strategici, questi altri no. No, è il mercato che lo dice, è chi è bravo è bravo, chi non è bravo fallisce e noi abbiamo questo problema anche se siamo bravi andiamo avanti e conquistiamo i mercati. Se non siamo bravi falliamo, quindi lasciamo che ci sia del merito in questo paese e andiamo avanti.”

“Meno stato, più semplificazione, meno burocrazia, più spazio per le imprese. Ecco, metteteci, fate proprio fate poche cose al governo, ma fatele con continuità. non dateci una cosa, poi ce la levate, poi ci ripensate, questo non va bene. Noi abbiamo bisogno di regole chiare, certe, continuative, con una visione di medio lungo termine.”

“10.000, un obiettivo più a breve di 3-4 anni e cioè 10 miliardi di fatturato, quindi crescere ancora 1 miliardo di abidà, quindi crescere con la giusta reditività su base diciamo strutturale al di là delle congiunture e zero debiti, zero infortuni, zero emissioni, cioè qualità anche di questa crescita.”

“I think that Trump arrives because there is also a historical path that brought him, and he amplified it. But we shouldn't be too scared either. It's possible that Trump, since the most important thing is the dollar, the Treasury Bonds, the loss of the strength of the United States, the fact that everyone is saying that his policy will lead to a recession in the United States and unfortunately also the risk in Europe”

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