Under the leadership of CEO Giacomo Mareschi Danieli, Danieli Group has entered into a partnership with Metinvest. The agreement, signed at the Italian Ministry of Enterprises and Made in Italy, marks a significant step toward the development of an advanced, low-emission steel production plant in Piombino. This joint venture not only strengthens industrial ties between Italy and Ukraine but also sets a benchmark for green steel manufacturing in Europe.
The newly planned Piombino steel plant will operate using electric arc furnace (EAF) technology, ensuring high efficiency and minimal environmental impact. The facility, once fully operational, is expected to produce 2.7 million tons of steel per year, mainly using recycled materials such as scrap metal, pig iron, and direct reduced iron (DRI) sourced from Metinvest’s Ukrainian operations. The initiative aligns with Europe’s transition towards cleaner industrial practices and is set to become a reference model for sustainable steel production.
In addition to steel production, the Piombino site will house a cold processing and service centre, as well as auxiliary infrastructure. These developments will improve the operational efficiency of the plant and make it a crucial hub for the steel supply chain in Europe. The financing for this ambitious project will come from international financial institutions, as well as from shareholder contributions. This agreement underlines the strategic cooperation between Italy and Ukraine, strengthening economic and industrial integration. As the project progresses, it is expected to serve as a model for the modernisation of Metinvest’s steel plants in Zaporizhzhia and Kamianske, Ukraine.
During the signing event, Italian Minister of Enterprises and Made in Italy, Adolfo Urso, highlighted the importance of the initiative, stating: “Once again we have fulfilled our commitments. The signing of the shareholders’ agreement marks a decisive step for the re-launch of the Piombino steel pole, with its green technology. At the same time, it strengthens the strategic cooperation between Italy and Ukraine, creating a solid bridge between our metallurgical industries that is particularly important in the perspective of the reconstruction of Ukraine”.
“This project is not only an investment in innovation and competitiveness but also a bridge between the Italian and Ukrainian steel industries – stated CEO Giacomo Mareschi Danieli – Danieli is committed to developing technological solutions that can redesign the future of steel, and the partnership with Metinvest is a clear example of how international collaboration can generate value for the entire sector. This plant will not only be a symbol of industrial progress, but also a key element in the modernisation of steel production in Italy and Europe”.