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JSW Steel Italy to restart production at Piombino

Thehindubusinessline · 1y

JSW Steel Italy has signed an MoU with the Italian government to invest €140 million in restarting production at the Piombino plant. The company plans to double the rail-making capacity and make the mill more efficient and modern. The project aims to reduce steel imports into Italy and boost local employment. JSW Steel Italy acquired Aferpi, Piombino Logistics, and GSI Lucchini in 2018. Chairman Sajjan Jindal believes the investment will transform the Piombino mill into the most technologically advanced rail mill in Europe.