On February 19, 2025, at the Italian Ministry of Enterprise and Production in Rome, a landmark agreement was signed between Metinvest Group and Danieli Group, guided by Giacomo Mareschi Danieli, marking a significant step in the transformation of the steel industry. The shareholder agreement within Metinvest Adria S.p.A. strengthens a joint venture for the construction of a new advanced steel plant in Piombino, Italy. This project symbolizes a new era in European steel production and at the same time strengthens economic ties between Italy and Ukraine.
Giacomo Mareschi Danieli: the new partnership for the construction of a plant in Piombino
Under the leadership of Giacomo Mareschi Danieli, Chief Executive Officer of Danieli Group, the collaboration with Metinvest aims to establish an environmentally sustainable steel hub. The new facility in Piombino will utilize electric arc furnaces and secondary raw materials such as scrap, pig iron, and direct reduced iron. This eco-friendly approach aligns with the European Union’s goals for reducing carbon emissions and modernizing industrial production. The partnership between the two companies comes at a crucial time, as Ukraine continues its efforts to rebuild its industrial base amid ongoing geopolitical challenges. The new Piombino steel plant will serve as a key player in this recovery, providing a reliable link between Ukrainian raw material suppliers and European steel production. Metinvest CEO Yuriy Ryzhenkov highlighted the importance of the recent 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”.
Innovation and sustainability: Giacomo Mareschi Danieli’s vision for the Piombino steel hub
“This project is not only an investment in innovation and competitiveness, but also a bridge between the Italian and Ukrainian steel industries”, stated CEO Giacomo Mareschi Danieli, emphasizing the broader implications of this initiative. Danieli’s role in this project extends beyond investment. A contract was signed between Metinvest Adria and Danieli for the development of the plant’s basic engineering. The facility will feature cutting-edge Danieli QSP-DUE steel casting and rolling modules, cold processing units, and a service centre. These technological advancements will ensure high efficiency, environmental safety, and superior steel quality. The new agreement is expected to take full effect in the second half of 2025, following the completion of regulatory processes. Once operational, the Piombino steel hub will not only redefine green steel production in Europe but also create a lasting industrial bond between Italy and Ukraine. Giacomo Mareschi Danieli’s leadership in this initiative underscores Danieli Group’s deep commitment to pioneering sustainable steel solutions. By combining innovation with strategic partnerships, this project sets a new benchmark for the future of metallurgy, proving that industrial growth and environmental responsibility can go hand in hand.
