New Launch2 Mar 2024, 03:15 am
JSW Steel Italy SRL signs MOU for the relaunch of the Piombino steel hub
AI Summary
JSW Steel Italy SRL has signed a Memorandum of Understanding (MOU) with the Ministry of Industry and Made in Italy, the Tuscany Region, the Municipality of Piombino to modernize the Piombino steelworks site and double the current rail making capacity.,
Key Highlights
- Investment of Euro 143 Mn to modernize the rail mill at Piombino
- Aim to make the Piombino rail mill most modern and technologically advanced in Europe
- Collaboration with the Italian government for the growth and economic development of the region
- Reduction of imports of steel products in Italy