Metinvest Group and Danieli Group have recently signed a shareholder agreement to collaborate on the development of a cutting-edge steel plant in Piombino, Italy. This agreement, signed on February 19, 2025, at the Italian Ministry of Enterprise and Production in Rome, solidifies their joint management, decision-making, and financial commitments under Metinvest Adria S.p.A. The initiative aims to set new benchmarks in environmentally sustainable steel production all over Europe.
Danieli Group: new facility to serve as an environmental hub and strengthen ties between Ukraine and Italy
Adolfo Urso, the Italian Minister of Enterprise and Production, underscored the significance of this new milestone: “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”, he said. The agreement between Danieli Group and Metinvest is expected to come into force in the second half of 2025, following regulatory approvals. The plant will play a pivotal role in fostering cooperation between Italy and Ukraine while also contributing to the reconstruction of Ukraine’s industrial sector. Yuriy Ryzhenkov emphasised the wider effects of the new agreement: “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”, said the Chief Executive Officer of Metinvest Group.
Danieli Group and Metinvest partnership, a bridge between the Italian and Ukrainian steel industries
The Metinvest Adria facility will leverage cutting-edge green steel production techniques, utilizing electric arc furnaces and secondary raw materials such as scrap, pig iron, and direct reduced iron. Raw materials will be supplied by Metinvest’s Ukrainian enterprises, strengthening the industrial link between the two nations. Additionally, a contract was signed between Metinvest Adria and Danieli Group for the basic engineering of the plant, which aims to become one of the most modern green steel production facilities worldwide. “This project is not only an investment in innovation and competitiveness, but also a bridge between the Italian and Ukrainian steel industries”, said Danieli Group’s Chief Executive Officer, Giacomo Mareschi Danieli. The new project will feature state-of-the-art electric arc furnaces, Danieli’s QSP-DUE steel casting and rolling modules, cold processing facilities, and a service centre. Furthermore, advanced technology will ensure high productivity, environmental sustainability, and the modernization of Ukraine’s steel industry. This initiative builds upon a previous declaration signed by the two companies on November 20, 2024, outlining plans for a plant with an annual production capacity of 2.7 million tons of steel. The project will be financed through a combination of international financial institutions and the shareholders’ own investments, paving the way for a new era of green steel production all over Europe.
