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Metinvest and Danieli sign shareholder agreement for a new plant in Piombino
Metinvest and Danieli sign a shareholder agreement that governs their joint partnership in Metinvest Adria S. p. A. This agreement is an important component of the project to construct a modern steel plant in Piombino, Italy. It formalizes the main agreements between Metinvest and Danieli regarding joint management, decision making, and financing that will facilitate the construction of the new plant. The facility is set to become a steel bridge connecting the metallurgical industries of Ukraine and Italy.
“ The signing of this agreement is a key step in ensuring the sustainable development and future of both the Ukrainian
and Italian metallurgical industries. 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,” stated Yuriy Ryzhenkov, CEO of Metinvest.
Metinvest Adria will act as the project company for the joint construction and operation of an environmentally sustainable steel rolling plant. Located in Piombino, Tuscany( Province of Livorno), Italy, the plant will play a key role in modernizing and boosting steel production in the region. The facility will utilize electric arc furnace technology and recycled materials, including scrap, pig
iron and direct reduced iron, which will be partially sourced from Metinvest’ s Ukrainian operations.
“ Danieli is committed to developing technological solutions that can reshape 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 for the modernization of steel production in Italy and Europe,” said Giacomo Mareschi Danieli, CEO of Danieli Group.
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Green Steel World | Issue 17 | April 2025 21