Tykač Launches Regular Deliveries of Green Steel. It Is Coming to Czechia from a Norwegian Steel Mill
9. 4. 2026, Forbes Czechia and CTK Link to the original article
Sev.en Global Investments, which belongs to the Czech energy group Sev.en owned by one of Czechia’s richest people, Pavel Tykač, has launched regular deliveries of low-emission steel from Norway to Czechia.
The first shipment, totalling 1,100 tonnes, consists mainly of reinforcing bars and coils used in construction. The company expects this to open a new trade channel between Scandinavia and Czechia.
The company will supply the material to Czechia from the Norwegian steelworks 7 Steel Nordic, which belongs to the Sev.en Global Investments group.
According to the company, the Norwegian steel will be used mainly in Czech transport infrastructure, specifically in the completion of the D11 and D35 motorways, as well as in new residential buildings 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, which is still produced only in limited quantities globally. At the same time, this supports production stability in Norway during the winter months, when demand for construction steel in Nordic markets is lower,” said Libor Černý, Head of the Steel Division at Sev.en Global Investments.
According to the company, the Czech-owned, Norwegian-made steel previously underwent a homologation programme, which confirmed at the end of 2025 that it met all technical and regulatory requirements.
“We use the most environmentally friendly technologies available in production. We recycle scrap, which we melt in electric arc furnaces powered by electricity from a hydropower plant,” said Halvard Meisfjord, Sales Manager at 7 Steel Nordic.
According to the company, production at 7 Steel Nordic generates 97 percent lower carbon dioxide emissions compared with traditional production using metallurgical coal and iron ore.
7 Steel Nordic, which has been part of the Sev.en Global Investments group since 2025, produces roughly 700,000 tonnes of steel annually and recycles approximately 770,000 tonnes of steel scrap.
This is then used to produce new materials primarily for construction, infrastructure, railways and wind power projects.
Sev.en Global Investments manages all foreign investments of the Sev.en group. In addition to traditional energy and mining, it also focuses on other sectors, such as steelmaking, petrochemical production and other industrial sectors. The year before last, it reported a net loss of EUR 52 million, equivalent to CZK 1.27 billion.
Gross operating profit EBITDA fell to EUR 238 million, equivalent to CZK 5.8 billion, from EUR 434 million in 2023. The accounting loss was mainly related to a downward revaluation of asset values. In 2024, revenues exceeded EUR 2 billion, equivalent to CZK 48.8 billion, for the first time.
Tykač’s business activities are mainly in energy and lignite mining, but also in real estate and finance. He is among the richest Czechs.
He mainly controls Sev.en Energy, the second-largest electricity producer in Czechia, which includes the Vršany and ČSA lignite mines in northern Bohemia, the Chvaletice and Počerady power plants, and heating plants in Zlín and Kladno.
Through other companies, Tykač has also been buying shares, for example in Moneta and ČEZ. He also owns the Czech Slavia Prague football club.