Thursday, July 11, 2024

Green transition: Danieli Group’s CEO Giacomo Mareschi Danieli on steel trends

CEO Giacomo Mareschi Danieli detailed the innovative approaches Danieli Group is employing to advance sustainability in steel production: “The green transition is a long-term trend that will last for many years, and it is in the DNA of an innovative company like Danieli Group”.

Giacomo Mareschi Danieli (Danieli Group)

Giacomo Mareschi Danieli: Danieli Group’s role in the evolution of global steel industry

In a recent interview with the Italian newspaper “Il Sole 24 Ore”, CEO Giacomo Mareschi Danieli elaborated on the company’s ongoing projects and initiatives centered on the sustainable transition in the steel industry – a movement that is far from over and is expected to continue for many years. The CEO also highlighted the opportunities presented by market regionalization. He specifically emphasized the company’s commitment to the vision established by Gianpietro Benedetti, the former Chairman who passed away in April 2024. The CEO stated, “the green transition is a long-term trend that will last for many years, and it is in the DNA of an innovative company like Danieli Group”. This statement underscores the Group’s enduring commitment to sustainability and technological advancement as core components of its operational philosophy. In discussing Danieli Group’s economic performance, Giacomo Mareschi Danieli noted that the anticipated increase in revenue, projected to surpass 4 billion euros by the end of the fiscal year in June, is driven by the need to invest not merely for growth, but for survival in a swiftly changing environment. He explained that “the boost to our revenue is linked to the fact that companies today invest not only because they need to grow, but in a certain sense to survive in a rapidly evolving context”.

Giacomo Mareschi Danieli: sustainability and regionalization, Danieli Group’s dual focus

Giacomo Mareschi Danieli also pointed out that Danieli Group is strategically positioned to capitalize on the steel industry trends, with a robust order portfolio that has already met and exceeded targets in the first half of the fiscal year, surpassing 6 billion euros. Furthermore, he discussed the increasing regionalization of the global steel market. “Besides decarbonization, we can seize opportunities from the regionalization of markets”, he stated, further explaining that “after a sort of intoxication with the need for globalization in past years, countries are now reassessing the importance of a competitive local steel industry. We are ready to support this trend”. Addressing the future of the former Ilva steel plant in Taranto, Italy, Giacomo Mareschi Danieli clarified the Group’s stance: “I do not see the possibility of our direct involvement in its management: we are technology suppliers and will remain as such. As for Dri d’Italia, we expect a tender to be published soon. It will be a public tender with clear rules for everyone, and we plan to participate with enthusiasm, relying on the strength of our technology”. Meanwhile, the company has organized the fifth edition of the Danieli InnovAction Meeting, held from May 28 to 30, 2024, attracting over 700 entrepreneurs and experts from around the world to discuss the evolution of the steel sector. “We planned this event for a year, drawing in 60% of the global steel production industry. Topics ranged from raw materials to big data, automation, and robotics”, Giacomo Mareschi Danieli highlighted: “It was a fantastic opportunity to collaborate on our future vision, honoring the legacy of Gianpietro Benedetti and continuing his visionary leadership”, he said in conclusion.