Metinvest Signs a Joint Declaration with the Italian Government for the Green Steel Project in Piombino
On 20 November, Metinvest and the Ministry of Enterprises and Made in Italy (MIMIT) signed a historic declaration to promote the industrial revitalisation of Piombino through a large green steel production plant. The signing took place during a meeting between the Italian and Ukrainian governments held in Rome.The agreement builds on the Memorandum of Understanding signed on 13 April 2024, which involves key stakeholders, including the Tuscany Region, the Municipality of Piombino, Danieli Officine Meccaniche S.p.A. and Metinvest-Adria S.p.A. During the ceremony, Metinvest proposed to Adolfo Urso, Minister for Enterprises and Made in Italy, that the project be considered of national strategic interest, which could expedite its approval processes with the involvement of the Council of Ministers.The EUR2.5 billion project has already achieved certain milestones. SACE, Italy’s export credit agency, and the leading banking institutions, including Cassa Depositi e Prestiti, have officially