Metinvest Adria, the entity managing the new Metinvest-Danieli Piombino flat steel mill in Piombino, has achieved a technical consensus on the programme agreement with Italian authorities, Kallanish learns from the Ministry of Enterprise and Made in Italy (MIMT).
A meeting was held in Piombino this week, involving Metinvest Adria, MIMT, the Tuscany region, the city council, the unions, and the port authority, to present the details of the agreement to the unions. MIMT indicates the signing will occur once the unions reach consensus on all terms.
However, a union source claims there are no updates in the programme agreement regarding JSW and rail mill modernisation. He expresses concerns regarding the future employment of the 1,300 workers at Jindal Steel Italy. Another meeting with unions concerning the entire Piombino hub is scheduled for 19 June. The finalisation of the programme agreement is set to occur on 10 July in Rome.
The document consists of 12 articles. It encompasses several essential elements, including the industrial plan, land and port area concessions, future environmental initiatives, energy procurement strategies, state support, and the prospective management of the company, while also acknowledging the project’s public interest.
The agreement indicates the mill is projected to produce approximately 2.7 million tonnes/year of coils, with a total investment amounting to €2.5 billion ($2.8 billion). This encompasses €324 million in state subsidies managed by state financial entity Invitalia.
“We have created a text that is innovative compared to previous agreements by inserting concrete guarantees for Piombino, its citizens and its workers … This project is a concrete act of ‘industrial policy’ that looks to the future of the territory and the country, bringing together public and private interests in an open discussion with the social partners,” the Tuscany region and Piombino city council are quoted as saying jointly by unions.
Natalia Capra France
