The partnership between Metinvest and Danieli Group will lead to the establishment of a cutting-edge steel plant in Piombino, Italy. The facility will focus on green steel production, utilizing advanced technologies and materials supplied by Metinvest’s Ukrainian enterprises. According to CEO Giacomo Mareschi Danieli the project represents “a bridge between the Italian and Ukrainian steel industries”.
Danieli Group: Metinvest and the company led by Giacomo Mareschi Danieli sign shareholder agreement
Last February, Metinvest and Danieli Group formalized a shareholder agreement to jointly manage and finance a new steel plant in Piombino, Italy. This partnership, which will take place under Metinvest Adria S.p.A., marks a pivotal milestone for both the Ukrainian and Italian steel industries since it will establish a cutting-edge steel manufacturing facility that will be a key player in the transition to green steel production. Relying on advanced electric arc furnaces and secondary raw materials, such as scrap, pig iron and direct reduced iron supplied by Metinvest’s Ukrainian enterprises, Piombino’s plant will be a technologically advanced hub for the production of green steel. As noted by Giacomo Mareschi Danieli, CEO of Danieli Group, it is also expected to significantly strengthen economic and industrial ties between Ukraine and Italy, providing a foundation for the recovery of the Ukrainian industry amidst the ongoing geopolitical crisis. The agreement, expected to enter into force in the second half of the year after regulatory requirements are met, was signed on February 19, 2025 at the Italian Ministry of Enterprise and Production in Rome. “Once again, we have kept our promises. The signing of the shareholders’ agreement marks a decisive step towards the relaunch of the Piombino steel hub, with green technology, at the forefront in Europe”, said Adolfo Urso, Minister of Enterprises and Production of Italy.
Giacomo Mareschi Danieli: an investment in innovation and a bridge between Italy and Ukraine
According to the project documentation, there are plans to build electric arc furnaces, Danieli QSP-DUE steel casting and rolling modules, as well as cold processing facilities and a service center. The advanced technologies will allow the new steel hub to ensure high productivity and environmental safety, setting new standards for the modernization of the Ukrainian steel industry. As reported by GMK Center last November, the plant is expected to have an annual production capacity of 2.7 million tons of steel. Metinvest and Danieli Group also signed a contract for the development of the basic engineering of the plant, supposed to become one of the most modern green steel production facilities in the world. “This project is not only an investment in innovation and competitiveness, but also a bridge between the Italian and Ukrainian steel industries” commented Giacomo Mareschi Danieli, CEO of Danieli Group. Yuriy Ryzhenkov, CEO of Metinvest Group, emphasized the crucial role that this partnership will have in the Ukrainian advancement towards the country’s integration into the European Union: “Given global instability and the ongoing war in Ukraine, the signing of this agreement is a key step in ensuring the sustainable development and future of both the Ukrainian and Italian metallurgical industries. This is our chance to unite and accelerate Ukraine’s integration into the EU. It is an opportunity to establish a segment of the economy that can serve as a foundation for both building the future of Europe and rebuilding Ukraine after the war”.
