The consortium will take "a leading position in Stegra", writes the company.
Stegra CEO Henrik Henriksson said the financing shows that investors and lenders believe in Stegra's business model.
"It has been achieved in a very challenging macro-environment and reflects significant efforts by everyone involved, including of course investors and banks, but also the team in Stegra and the extended family of suppliers, customers and other close partners in Boden," he said in a statement.
"We are convinced of the competitiveness of Stegra and the commercial attractiveness of green steel in addition to the climate benefits, while remaining clear-eyed about the challenges that lie ahead. We also consider the project to be of great importance to Sweden’s position as an industrial nation."
Stegra is a major employer of foreign professionals in northern Sweden.
The 1.4 billion euros will be used to complete the construction of its plant in Boden.
Stegra's finances have in recent years come under increased scrutiny, and observers had started making comparisons to another former leader of Sweden's green industrial boom, battery maker Northvolt.
Northvolt was seen as a cornerstone in European efforts to catch up with Chinese battery producers before production delays and its mounting debts led it to declare bankruptcy in 2025.
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