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| Metinvest |
New Facility to Strengthen Ukraine-Italy Ties and Lead in Sustainable Steel Production
Metinvest Group and Danieli have formalized their collaboration by signing a shareholder agreement for the development of a new steel plant in Piombino, Italy. The agreement, signed on February 19, 2025, at the Italian Ministry of Enterprise and Production in Rome, ensures joint management, decision-making, and financing of Metinvest Adria S.p.A. The plant will be a hub for sustainable steel production and a key step in strengthening economic ties between Ukraine and Italy.
A Strategic Investment in Green Steel
The agreement is set to take effect in the second half of 2025, pending regulatory approval. This initiative marks a significant milestone in the cooperation between the two nations, reinforcing Ukraine's integration into the European Union and supporting the recovery of Ukraine’s steel industry.
Yuriy Ryzhenkov, CEO of Metinvest Group, emphasized the project's importance: “Given global instability and the ongoing war in Ukraine, this agreement ensures sustainable development for both Ukrainian and Italian metallurgical industries. It is a foundation for rebuilding Ukraine and advancing European steel production.”
Advanced Technology for a Sustainable Future
Metinvest Adria will focus on green steel production using electric arc furnaces (EAF) and secondary raw materials, including scrap, pig iron, and direct reduced iron (DRI). The raw materials will be sourced from Metinvest’s Ukrainian enterprises, creating a strong supply chain between the two countries.
A separate contract was signed between Metinvest Adria and Danieli to develop the plant’s basic engineering. The facility will feature cutting-edge technology such as Danieli’s QSP-DUE steel casting and rolling modules, as well as cold processing and service center capabilities. This modern approach will ensure high productivity, environmental safety, and industry-leading efficiency.
Giacomo Mareschi Danieli, CEO of Danieli Group, highlighted the project's broader impact: “This investment strengthens innovation and competitiveness, while also serving as a bridge between the Italian and Ukrainian steel industries.”
A Step Towards Industry Modernization
The Piombino plant aligns with the broader vision of upgrading the European steel sector. It follows a declaration signed on November 20, 2024, by Metinvest and Danieli for the plant’s construction, targeting an annual capacity of 2.7 million tons of steel. Financing will come from international financial institutions and shareholders’ capital, ensuring a robust foundation for the project.
With a focus on green steel and cutting-edge technology, this plant is poised to set new standards for sustainable metallurgy, contributing to Europe’s industrial future and Ukraine’s economic resilience.
