Italy Subsidizes Metinvest with €285 Million to Build 2.7 Million Ton Steel Plant
en.Wedoany.com Reported - The Italian Investment Promotion Agency (Invitalia) has approved a €285 million subsidy for Metinvest Adria to build a low-carbon steel plant in Piombino. The project, supported by Metinvest and Danieli, will fund the construction of an electric arc furnace and related production infrastructure.
The steel plant, designed with an annual capacity of over 2.7 million tons, has been recognized by the Italian government as a project of national strategic importance. It will also receive support for port infrastructure upgrades to improve future logistics.
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