Metinvest and Danieli plan to commission a steel plant in Italy in 2027

Metinvest and equipment manufacturer Danieli intend to commission Metinvest's advanced hot strip mill in Piombino, Tuscany, by 2027, Tuscany President Eugenio Giani said after a meeting in Florence earlier this week with Metinvest-Trametal and Danieli management.

The companies took part in two meetings with the authorities of the Tuscany region and the city council of Piombino. “On the part of Metinvest-Daniyeli, I saw entrepreneurial will combined with great attention to the territory... To start [the project] now, we lack agreements between the government, the region, other bodies and stakeholders... about the necessary concessions, as well as [agreements ] about how the electric arc furnace will be built and how JSW and Metinvest can co-exist without duplication,” Jani says in the document.
He adds that the project is called “Digital Green Steel” and the timeline for the plant will be “pretty fast”, given that the plant plans to be operational in 2027.

The new plant will require an investment of €2 billion ($2.1 billion) and will produce 2.7 million tonnes of hot rolled coil per year via the EAF route. Earlier this week, a public meeting was held in Piombino, attended by the management of Metinvest and Danieli, as well as the mayor of Piombino, Francesco Ferrari, to demonstrate the future facility to the population.

“The investment by Metinvest and Danieli could be a concrete opportunity to restart the steelworks and, more generally, the local economy, but it is necessary... that the most innovative technologies and measures are adopted to protect the environment, health and economic diversification. - says a note from the Piombino City Council.

According to rumors, Metinvest has reached an agreement with the Italian government and the Indian steel company JSW to acquire JSW's Italian long steel mill in Piombino. In the first week of November, Metinvest CEO Yuri Ryzhenkov met in Rome with the Italian Minister of Entrepreneurship and Production (MIMT) Adolfo Urso to discuss the takeover. The meeting was attended by Danieli chief executive Gianpietro Benedetti, as well as Ferrari.

The ministry said at the time that JSW and Metinvest would co-exist in the hub, and the project took a step forward in a positive “climate of cooperation”. JSW will retain and modernize the rail mill that supplies Italian national rail operator Ferrovie dello Stato, while Metinvest and Danieli will build a low-emission EAF steel coil plant.