15
Sep
09:46
Italian state to invest in JSW's Piombino mill
The Italian government will invest in JSW Steel’s Piombino steelmaking facility through its financial arm, Invitalia, vice-minister for economic development Alessandra Todde said at a city hall meeting in Rome this week.
A source close to the matter says Invitalia and JSW are expected to sign a binding agreement in the coming weeks. Due diligence will follow in order to quantify the investment and the value of the Piombino mill, Kallanish notes.
A new indus…
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