Mimit Continues Talks on Piombino’s Future Following Metinvest-JWS Deal on Land
Rome, November 27, 2024 – The Ministry of Economic Development (Mimit) is holding ongoing discussions on the future of Piombino after the agreement on the industrial areas between Metinvest and JSW Steel.
On November 19, Metinvest and JSW Steel signed an agreement to transfer ownership of the Piombino steelworks and related industrial areas to JSW Steel. The deal included the sale of a 40% stake in Acciaierie d’Italia, the parent company of Piombino, to JSW Steel.
Mimit has been closely involved in the negotiations between Metinvest and JSW Steel, and is now working to ensure the long-term sustainability of Piombino.
On November 27, Mimit Minister Giancarlo Giorgetti met with JSW Steel Chairman Sajjan Jindal to discuss the company’s plans for Piombino.
Giorgetti said that he was “confident that JSW Steel is the right partner to ensure the future of Piombino’s steel industry.”
Jindal said that JSW Steel is “committed to investing in Piombino and making it a world-class steel producer.”
Mimit is also working with the European Commission to secure funding for the Piombino steelworks. The Commission has already approved a €500 million loan guarantee for Acciaierie d’Italia, and is considering providing additional funding.
The Piombino steelworks is a major employer in the region, and its future is of critical importance to the local economy. Mimit is committed to working with JSW Steel and other stakeholders to ensure that Piombino has a sustainable future.
Mimit, continua il confronto sul futuro di Piombino dopo l’accordo sulle aree tra Metinvest e Jws
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